Oil falls below $123 hit two-month low

the fall in international oil prices is continuingCrude oil futures for September fell below $123 a barrel on friday on the New York Mercantile Exchange, hitting a near two-month low of $122.5 a barrelthe contract has fallen more than $25 a barrel in the next 10 trading days after hitting an all-time high of $147.9 a barrel on July 11's rapid decline is no less than the stoicness of its rise process's drop surprised the market that hurricane weather, which has been a contributing effect in previous years, suddenly became irrelevantOil prices have fallen no matter how many workers the major oil companies have pulled out of the Gulf of Mexico and how many equipment has been temporarily shut downin the latest studies, the relationship between "falling oil prices" and "dollar rises" is somewhat confusingSome analysts believe that falling oil prices have caused the dollar to rise, others believe that the rise in the dollar has punctured the oil price bubblethe discussion of "chicken eggs, or eggs" has reflected a sensitive and critical turning point in the commodity market, which is dominated by crude oilIs the commodity bull market, which lasted for several years, over? Perhaps a clearer answer will be given in the last week or twois understood that the main reasons for the fall in oil prices are three points: First, high oil prices brought about by the real demand for crude oil contraction, no longer continue to support the price of oil all the way upU.Soil and gasoline deliveries fell 3 percent and 1.7 percent, respectively, in the first half of this year from a year earlier, according to data recently released by the American Petroleum InstituteU.Scommercial inventories of oil and gasoline ended consecutive weeks of declines, showing an upward trendsecond, price-adjustment information from emerging-market countries also raises concerns for speculatorsEmerging markets, including China, have recently adjusted domestic refined oil prices significantly, and while oil prices continue to fall in reverse, the adjustment has signaled the willingness of emerging market countries to bring domestic refined oil prices into line with international oil prices This would make oil demand in emerging markets more reflective of sensitive price information Before that, the controlof finished oil prices in emerging markets had made international oil prices "less important", and now this adjustment has made the elasticity of demand in international oil prices more real third, the dollar's rebound has brought about a negative atmosphere in commodity markets During this time, not only the price of oil fell sharply, but also gold, agricultural products, basic metals and other commodity prices have also fallen across the board The expectation of appreciation of the dollar as a denominated currency is bound to lead to a decline in the nominal prices of these commodities And, along with the dollar's rebound, the Recovery in the U.S economy will be relatively slow, which is also a big curb on commodity demand , however, despite near two-month lows, geopolitical concerns, a constant counter-attack by speculative funds and still-robust demand from emerging markets have left the latter price of oil volatile The late performance of oil prices may also have an important impact on the evolution of the dollar, gold and other related prices the decline in international oil prices is still continuing Crude oil futures for September fell below $123 a barrel on friday on the New York Mercantile Exchange, hitting a near two-month low of $122.5 a barrel the contract has fallen more than $25 a barrel in the next 10 trading days after hitting an all-time high of $147.9 a barrel on July 11 's rapid decline is no less than the stoicness of its rise process 's drop surprised the market that hurricane weather, which has been a contributing effect in previous years, suddenly became irrelevant Oil prices have fallen no matter how many workers the major oil companies have pulled out of the Gulf of Mexico and how many equipment has been temporarily shut down in the latest studies, the relationship between "falling oil prices" and "dollar rises" is somewhat confusing Some analysts believe that falling oil prices have caused the dollar to rise, others believe that the rise in the dollar has punctured the oil price bubble the discussion of "chicken eggs, or eggs" has reflected a sensitive and critical turning point in the commodity market, which is dominated by crude oil Is the commodity bull market, which lasted for several years, over? Perhaps a clearer answer will be given in the last week or two is understood that the main reasons for the fall in oil prices are three points: First, high oil prices brought about by the real demand for crude oil contraction, no longer continue to support the price of oil all the way up U.S oil and gasoline deliveries fell 3 percent and 1.7 percent, respectively, in the first half of this year from a year earlier, according to data recently released by the American Petroleum Institute U.S commercial inventories of oil and gasoline ended consecutive weeks of declines, showing an upward trend second, price-adjustment information from emerging-market countries also raises concerns for speculators Emerging markets, including China, have recently adjusted domestic refined oil prices significantly, and while oil prices continue to fall in reverse, the adjustment has signaled the willingness of emerging market countries to bring domestic refined oil prices into line with international oil prices This would make oil demand in emerging markets more reflective of sensitive price information Before that, the controlof finished oil prices in emerging markets had made international oil prices "less important", and now this adjustment has made the elasticity of demand in international oil prices more real third, the dollar's rebound has brought about a negative atmosphere in commodity markets During this time, not only the price of oil fell sharply, but also gold, agricultural products, basic metals and other commodity prices have also fallen across the board The expectation of appreciation of the dollar as a denominated currency is bound to lead to a decline in the nominal prices of these commodities And, along with the dollar's rebound, the Recovery in the U.S economy will be relatively slow, which is also a big curb on commodity demand , however, despite near two-month lows, geopolitical concerns, a constant counter-attack by speculative funds and still-robust demand from emerging markets have left the latter price of oil volatile The late performance of oil prices may also have an important impact on the evolution of the dollar, gold and other related prices (name)