The hottest Jinshi Futures Crude Oil fluctuated an

2022-10-01
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Jinshi Futures: crude oil fluctuated, Shanghai oil rebounded

International: crude oil futures in New York fell on August 15, affected by the strength of the US dollar and the expectation of sufficient global crude oil supply. The settlement price of September crude oil futures on the New York Mercantile Exchange fell $1.24 to $113.77/barrel, down 1.1%

in the past ten trading days, oil prices have declined in eight trading days, mainly due to the weakening of concerns about the imbalance between oil supply and demand. OPEC said in its monthly market report released on Friday that the outlook of the global oil market seems to be facing downward risks, and there may be a substantial increase in crude oil inventories. The production organization said that OPEC's oil production in July averaged 32.6 million barrels per day, an increase of about 236000 barrels per day over June, due to the increased supply of Saudi Arabia, Iraq, Nigeria and other exporting countries. The next policy meeting of OPEC is scheduled to be held in Vienna on September 9

China's fuel oil imports decreased in July; It showed a continuous downward trend year on year, as more power plants switched to coal and liquefied natural gas (LNG), which may continue until the end of the year. However, the import volume increased month on month due to the increased demand for marine fuel oil, traders said. In July, China's fuel oil import volume was 1.95 million tons, up 16.8% month on month compared with June, and down 37.2% year on year. The maritime port authority of Singapore said that Singapore's maritime shipment business has exceeded the 1billion ton mark. It is required to clamp the sample symmetrically with the jaws as required. In September last year, with the upgrading of the mediation and elimination of household assets due to the economic tension of the people in aerospace, national defense, kerosene chemical industry, transportation and so on, the shipment in Singapore only exceeded the 1 billion ton mark. Strong demand for shipping is still in progress, and the momentum of strategic opportunities may promote the consumption of marine fuel oil to a new high this year. (3) from February to July this year, the sales volume of marine fuel oil in Singapore has increased by 14.3 percentage points over the same period last year to 20.39 million tons

today, the fuel volume decreased and the price soared. Crude oil fluctuated in the short term, supporting around $110. Fuel oil oversold in the early stage and strengthened today, with the main force in the 811 contract operating range and short-term resistance around 4757. Operation suggestion: short-term trading

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