International oil prices rebound edimen 18% in two days Short-term still have room for upward

international crude oil rebounded 18% to $46.34 per barrel on the two trading days of December 31, 2008 and January 2, 09, 2009, and market confidence recoveredAnalysts pointed out that the sharp rebound in international crude oil reflects the market believes that the current low crude oil prices, low oil prices and high oil prices will also harm economic recovery and developmentIt is expected that in the short term, there is still room for upward oil pricesinternational oil prices rebounded sharply for two straight sessions on the back of a lack of U.Srefinery operating rates that could lead to tight suppliesOther factors contributing to the surge in oil prices include Russia's failure to reach a new gas supply deal with Ukraine, tensions in the Middle East leading to a sharp cut in production by Saudi Arabia, the world's top crude producer, and China's plans to increase its crude reservesA host of good news also boosted international crude oiljust past 2008 was a year of international oil surges and plunges, wtI crude oil prices started the year from a low of $85 per barrel all the way up, to mid-July to hit a high of $147 per barrel, after the outbreak of the U.Sfinancial crisis, to mid-December low to low to near $35 per barrelJet Futures analyst Yang Shengyu said crude oil is not only an important commodity, but also an important indicator of the world's economic developmentLooking at the international crude oil trend can be found that the crude oil price is more vulnerable to political, economic, financial and other unusual events, so the 2008 crude oil trend also reflects the world economy from inflation to the crisis of this sharp turnthe world economy is still in recession, with OPEC cutting production, crude oil prices are falling, panic is rife in the market, and the $35/barrel crude oil price more reflects the pessimism in the marketBut the current crude oil price has fallen to the bottom of the stage, for crude oil itself supply and demand situation is difficult to maintain such low prices for a long timeThe average price of U.Scrude futures in 2009 was $76 a barrel, up from $58.48 a barrel from 30 analysts polled by Reuters, while Morgan Stanley's estimate was $82
a barrel, according to Barclays Capital's latest forecastIt is clear that the current oil price of around $40/barrel is lower than expected In addition, low oil prices and high oil prices also harm economic recovery and development If oil prices are too low, investment projects related to the oil industry will be delayed or cancelled In this case, once the global economic situation through the crisis rebounded rapidly, if not a sufficient number of related projects to reopen in time, international oil prices will surge again, and thus put pressure on the economic situation to improve therefore, oil prices significantly lower than the market expectations may be the internal driving force of the recent oil price rebound, the short-term rebound is expected to continue, but the world economy is still in recession, the rebound is highly limited, the expected $50-60/barrel price is more in the interests of all parties International crude oil rebounded 18% to $46.34 per barrel on the two trading days of December 31, 2008 and January 2, 2009, and market confidence recovered Analysts pointed out that the sharp rebound in international crude oil reflects the market believes that the current low crude oil prices, low oil prices and high oil prices will also harm economic recovery and development It is expected that in the short term, there is still room for upward oil prices international oil prices rebounded sharply for two straight sessions on the back of a lack of U.S refinery operating rates that could lead to tight supplies Other factors contributing to the surge in oil prices include Russia's failure to reach a new gas supply deal with Ukraine, tensions in the Middle East leading to a sharp cut in production by Saudi Arabia, the world's top crude producer, and China's plans to increase its crude reserves A host of good news also boosted international crude oil just past 2008 was a year of international oil surges and plunges, wtI crude oil prices started the year from a low of $85 per barrel all the way up, to mid-July to hit a high of $147 per barrel, after the outbreak of the U.S financial crisis, to mid-December low to low to near $35 per barrel Jet Futures analyst Yang Shengyu said crude oil is not only an important commodity, but also an important indicator of the world's economic development Looking at the international crude oil trend can be found that the crude oil price is more vulnerable to political, economic, financial and other unusual events, so the 2008 crude oil trend also reflects the world economy from inflation to the crisis of this sharp turn the world economy is still in recession, with OPEC cutting production, crude oil prices are falling, panic is rife in the market, and the $35/barrel crude oil price more reflects the pessimism in the market But the current crude oil price has fallen to the bottom of the stage, for crude oil itself supply and demand situation is difficult to maintain such low prices for a long time The average price of U.S crude futures in 2009 was $76 a barrel, up from $58.48 a barrel from 30 analysts polled by Reuters, while Morgan Stanley's estimate was $82
a barrel, according to Barclays Capital's latest forecast It is clear that the current oil price of around $40/barrel is lower than expected In addition, low oil prices and high oil prices also harm economic recovery and development If oil prices are too low, investment projects related to the oil industry will be delayed or cancelled In this case, once the global economic situation through the crisis rebounded rapidly, if not a sufficient number of related projects to reopen in time, international oil prices will surge again, and thus put pressure on the economic situation to improve therefore, oil prices significantly lower than the market expectations may be the internal driving force of the recent oil price rebound, the short-term rebound is expected to continue, but the world economy is still in recession, the rebound is highly limited, the expected $50-60/barrel price is more in the interests of all parties (name)