After-hours crude oil prices

After-hours crude oil prices

On June 25th, Beijing time, Saudi Arabia played against Egypt in the World Cup. Saudi Arabia scored two penalties to break the World Cup's 24-year invincible fate, and scored two to one to kill EgyAfter-hours crude oil pricespt and won the first victory of this World Cup. Some analysts said that if it weren't for Saudi Arabia's successive penalties, Saudi Arabia might not have won.

Spot crude oil prices broke and rose within the day, setting a new record for the year to $77. However, it should be noted that the technical aspect of crude oil prices shows overbought signals, which may indicate that the opportunity for crude oil prices to reverse downward will appear. Investors are expected to pay close attention.

Because the United States has taken a tough stance on Iran’s sanctions, implying that it will hardly grant sanctions exemptions to Iranian oil buyers, the interruption of oil supply may be much more serious than many people expected. But Iran has not lost everything. The European Union and the United States have rejected the request of the United States and are trying to help Iran tide over the difficulties.

In addition, on Saturday, June 9th at 9:0 Beijing time, the market will also usher in the baptism of inflation reports. The annual rate of CPI in May is expected to be 9%, and the previous value is 8%; the annual rate of PPI in May is expected to be 5%, and the previous value is 4%. Investors need to pay close attention then.

Trump has officially signed a document confirming its withdrawal from the agreement and restarting sanctions against Iran, which poses serious challenges to the Iranian energy industry. Trump said: I announce that the United States has officially withdrawn from the Iran nuclear agreement, and we will impose the highest level of economic sanctions on Iran. Although the U.S. withdrawal from the agreement and the resumption of sanctions will inevitably have a significant impact on Iran’s crude oil supply, some traders pointed out that the resumption of sanctions may take several months to have an impact, because the U.S. government still needs time to formulate a sanctions framework and clearly sanction companies And the list of banking institutions, which gives both parties an opportunity to renegotiate. Goldman Sachs

Last week, crude oil prices suffered a bloodbath. After recording a high of 78, they plunged continuously. After falling below $70, the decline further expanded. After the market opened on Monday, only one morningAfter-hours crude oil prices, the oil price approached $66. The main reason for the plunge in oil prices was The market is due to concerns that OPEC may end its production cuts and increase production at the same time. And because of this, the international oil price ended the previous six weeks of Lianyang's market, so does this cliff-jumping decline mean that the crude oil market is about to enter an inflection point?

The price of WTI crude oil in the United States fell by more than% during the day, and Shell Hughes oil drilling continued to increase. It is expected that crude oil futures prices will continue to fluctuate downward in the future. In addition, some believe that geopolitical risks in the Middle East will not continue to rise, and investors are advised to be cautious in shorting crude oil futures prices.

Fifteen years after the U.S.-led military alliance overthrew the Saddam Hussein regime, people are frustrated that they do not have 24-hour continuous power supply, infrastructure and medical care are very poor, Al-Bayan of Baghdad Think Tank Research leader Ali

However, since OPEC implemented the production reduction agreement, Saudi Arabia's idle capacity has declined. Last month, Saudi Energy Minister Falih issued a warning about Saudi Arabia’s current low idle capacity. He said that one of the purposes of maintaining production cuts is to stimulate investment in new capacity, and Saudi Arabia cannot maintain an indefinite idle of 500,000 to 2 million barrels per day. Capacity.

Media estimates that the June FOB price of Houston West Texas Intermediate WTI is US$77 per barrel, which is a premium of US$90 per barrel, or 2%, compared to NYMEX’s WTI futures. This means that Asian buyers who purchase WTI physical crude oil shipped in Texas pay a very high premium over the futures market.