The hottest Jinshi Futures Crude Oil eclipsed, and
2022-10-02- Detail
Jinshi Futures: crude oil eclipsed, Shanghai oil fell by the limit response
International: the United States is more troublesome to operate, China's crude oil futures fell more than $2 on Thursday, as U.S. stocks fell, and the market worried that the interest rate cut action of the central bank led by the United States might not be enough to prevent the global economic recession. The settlement price of NYMEX November crude oil futures closed down $2.36 to $86.59 a barrel, with a trading range between 84 82 dollars. The daily low was the lowest since it hit $83.50 on October 15, 2007
the rise in crude oil supply also puts pressure on oil prices and worries about the market demand for oil under the economic downturn. The organization of Petroleum Exporting Countries (OPEC) said it would hold an emergency meeting in Vienna on November 18 to discuss the global financial crisis and economic situation, as well as its impact on the oil market. On Wednesday, the American Energy Information Association (EIA) announced that the storage of crude oil and gasoline has increased significantly, and the demand is far lower than that of a year ago, according to the Chongqing Science and Technology Commission. "Today's oil market is following the stock market because people are worried about the credit crisis," said Phil Flynn, analyst at Alaron trading. The U.S. stock market fell for the seventh consecutive day, with the Dow Jones Industrial Average falling below 9000 for the first time in more than five years, as investors worried that the measures taken by government agencies were insufficient to prevent the global recession
fuel oil is expected to fall by the limit to close today. Crude oil fell as much as $82 in electronic trading, overshadowing the news that the organization of Petroleum Exporting Countries (OPEC) will hold a special meeting in November on concerns that market turmoil will lead to a decline in fuel demand. In the later stage, the main trend is shock decline, with a target of 80. Fuel oil short-term decline target 3374. Operational advice: wait for opportunities to short on high
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