Multiple bearish bearishness caused international oil prices to fall sharply in a row

Affected by multiple bearishness in supply and demand, international oil prices continued to fall sharply on the 15th, closing below
the $100 per barrel integer mark.
Market analysts are clearly divided
on their expectations for the direction of oil prices.

On the day, light crude oil futures for April delivery fell $6.
57, or 6.
38%, to settle at $96.
44 a barrel on the New York Mercantile Exchange; London Brent crude futures for May delivery fell $6.
99, or 6.
54%, to settle at $99.
91 a barrel
.

New York and Brent prices fell by 22.
04% and 21.
93%,
respectively, compared to the March 8 highs.

Fouad Razakzada, a market analyst at Australia's Zhihui Group, said the sharp drop in oil prices had surprised many people, and the biggest driver behind the oil sell-off was investors' realization that Europe would not immediately reduce Russian oil demand
.

Matt Weller, head of global research at FX broker GAIN Capital Group, said that the turnaround in negotiations between Russia and Ukraine and the rebound of the new crown epidemic have continued to reduce oil prices
.

Jeffrey Haley, senior market analyst for Asia Pacific at online forex trading platform Chubb, said economic growth concerns from the Fed's expected rate hike this week and hopes for progress in the Russia-Ukraine talks weighed
on oil prices.

Mark Hefer, global chief investment officer at UBS Wealth Management, said the sharp drop in oil prices reflected that the Russia-Ukraine talks eased market concerns
about oil supply.

Rebecca Babin, a senior energy trader at Canadian Imperial Bank of Commerce Private Wealth Management, said that the sharp rise in oil prices after the outbreak of the Russian-Ukrainian conflict was completely affected by panic; Now, some investors don't think commodity market conditions will be as bad
as initially feared.

The Organization of the Petroleum Exporting Countries (OPEC) released its monthly oil market report on the same day that the Russia-Ukraine conflict brings downside risks to the world economy, and if inflation continues to rise, demand and investment will decline
to a certain extent.

However, there are still big differences
in the judgment of different institutions on the direction of oil prices.
Harry said he believes oil prices have peaked
.
Babin said that due to the conflict between Russia and Ukraine, the future trend of crude oil supply is difficult to determine
.

Hefer believes that the delayed reflection of the data restrictions on Russian oil exports may have contributed to the recent sharp decline in crude oil prices, but the impact of these sanctions will become apparent later in March, and the resulting global supply gap will be difficult to offset
by other producers raising production or releasing strategic crude reserves.

Hefer expects global oil demand to reach an all-time high of more than 101 million barrels in the second half of the year, and crude futures prices will reach a level of about $125 a barrel in June and gradually fall to $
105 a barrel by the end of the year.