Crude oil contract

Then came the foreign exchange market: the dollar rose sharply, rebounding from a low of 88 points in February to a line of 948 points, a new high for the year. Assets in emerging markets were swept by a frenzy of selling. First, the Argentine peso deprec

Since April, the number of active oil wells in the United States has increased by 28, while the number has decreased by 2 in the month, and has increased by 78 so far this year. More data shows that the total number of active oil and gas wells in the Unit

The global trade conflict has risen sharply, and the market is paying close attention to how countries will solve this problem at the G7 summit. If trade uncertainty remains high after the G7 summit, the U.S. dollar may be under pressure, and the market m

Because OPEC has always expressed its views on the oil market, this has caused market sentiment to fluctuate constantly, leading to constant fluctuations in oil prices, and the entire oil market has maintained a state of volatility. Whether OPEC will incr

Trump announced on May 8 this year that he would withdraw from the comprehensive agreement on the Iranian nuclear issue, and at the same time resume a series of economic and financial sanctions lifted under the agreement. The first batch of sanctions is s

In fact, I believe that the main reason is Saudi Arabia. Saudi Arabia and various OPEC member states reached an agreement on production cuts in June of this year, but during the production cuts, Saudi Arabia followed Trumps arrangements and increased prod

According to IEA estimates, OPEC and its allies can use about 400,000 barrels of idle oil production capacity for emergency, most of which are in the hands of Saudi Arabia. If the increase in production reached by the OPEC meeting last week is implemented

Al-Falih said the country is preparing to adjust its policy in June, but did not disclose how much it will increase production. Saudi Arabia has always been regarded as the de facto leader of OPEC, and OEPC member states will hold their next policy meetin

Trumps verbal intervention was ineffective, and Saudi Arabia and Russias cooperation in increasing production failed to change the status quo of high oil prices. In order to curb oil prices, Trump may use the US 600 million barrels of strategic oil reserv

Last week, hedge funds and other fund managers reduced their long positions in Brent and WTI crude oil by a total of 10,000 lots to 80,000 lots. This was the largest weekly reduction since August last year and also since September last year. Minimum risk