Brent crude oil spot price Yahoo Finance

Brent crude oil spot price Yahoo Finance

The above are some of the skills to watch the market, but I still remind investors that they don't need to wBrent crude oil spot price Yahoo Financeatch the market all the time. After all, they still need to have a normal work and life, and watch the market all the time, which is easy to operate frequently, and may lose more. I hope investors can speculate on crude oil with a relaxed attitude. Maybe they can perform better and make more profits if they relax!

Some political analysts believe that the Trump administration is facing mid-term elections in the US Congress and needs to rely on Saudi Arabia and other major oil-producing countries to increase production, as far as possible to offset the impact of Iran's crude oil exports and rising oil prices, so as not to drag down the performance of the current administration.

Daily reduction of 200,000 to 500,000 barrels of crude oil. Saudi Aramco’s largest offshore oil field SAFANIYAH suspended production due to a power supply accident, which affected crude oil production, affecting 200 to 500,000 barrels per day.

In fact, the United States imposed sanctions on Venezuela’s Maduro-related individuals and entities last Monday, but it avoided the blow to Venezuela’s oil industry. However, as early as February of this year, former US Secretary of State Tillerson said that sanctions on Venezuela's oil or prohibiting its sale of crude oil in the United States is something the White House has been considering. Whether the hammer of sanctions against crude oil will finally fall depends on the general election on May 20. PVM Crude Oil Consortium Analyst Varga Tamas

In the context of the high probability of oil prices falling below the $45 mark, if the conventional data released next week, such as EIA and API, continue to show that US crude oil inventories continue to increase, oil prices will inevitably fall below $45 and approach the low of $40, which means oil prices. The drop to $0 provides a good opportunity.

Breaking means that all K-line combinations are broken. Including penetration, pressure level, support level, arc combination, channel and so on. For example, if the price is under pressure at a certain price, and it has consolidated for a long time before and after that price, then we can chase orderBrent crude oil spot price Yahoo Finances when the price breaks through this price.

EIA predicts that by 208, OPEC crude oil production will reach an average of 900,000 barrels per day, a decrease of 600,000 barrels per day from 207. The reason for the predicted decline in production is mainly due to the rapid decline in Venezuela’s crude oil production. By June 208, the country’s crude oil production fell to 400,000 barrels per day, a decrease of 6,000 barrels per day from June 207. OPEC's production in the first half of 208 also declined due to the production ceiling set in the "OPEC Production Agreement" reached by the organization in 206, which aims to limit OPEC's daily output of crude oil to 2.5 million barrels.

Abstract: Canadian oil has only one major customer, the United States. But recently, two Canadian pipelines carrying oil to the United States were suspended. Fortunately, Canada built one of its own pipelines, not to the United States, but to the United States.