Oil prices: Expected to continue falling after a small rebound

oil prices are likely to continue to rebound slightly in the future, with short-term rebounds of highs between $130 and $132If there are no significant profits after the rebound to this line, the price of oil will continue to go down, with the lower position looking at $110 or even $100Est Of the Time on Wednesday, the U.SEnergy Information Administration (EIA) released last week's U.Scrude oil and refined oil inventory data as scheduledInternational oil prices rebounded sharply on the day to close to $5, their biggest one-day gain since July 10, as gasoline inventories unexpectedly fell sharply, with the settlement price rising above $125Light crude for September delivery on the New York Mercantile Exchange (NYMEX) rose $4.58 to $126.77 on Wednesday, its intraday high of $126.79ICE Brent September crude futures peaked at $4.39 and settled at $127.10inventory data is long-short andEIA released on the same day, the u.Sgasoline inventory unexpectedly fell by 3.5 million barrels in the week ended July 25, compared with an earlier estimate of 200,000 barrelsThe retail price of gasoline in the United States has recently fallen below $4 a gallon as a result of the collapse in international oil pricescrude oil inventories were relatively negative, falling 100,000 barrels a week below analysts' previous estimates of 1.1 million barrels, while distillate inventories rose for the 12th straight week, adding 2.4 million barrels a week and analysts had expected an increase of 1.8 million barrelsrebounded at $130-$132with out of much positive stimulus, the biggest rebound in international oil prices since July 10Does this mean the beginning of a rally, or the "back-to-light" before the fall?Liu Yuelai, crude oil analyst atEverbright Futures, said: "Wednesday is an ultra-fall rebound, the medium-term adjustment pattern has not changed." In the short term, there is a possibility of a continued rebound, but the rebound will not be too strongAt present, the crude oil market has been very weak, a large number of funds withdrawn from the market, last week in the tropical storm, Iran's frequent problems, the sharp drop in crude oil prices, indicating that the funds are very determined to leave the market"Oil prices are now above $125 and are likely to continue to rebound slightly in the future, with short-term rallies of between $130 and $132," said Fu Chunjiang, senior analyst at Jiangnan FuturesnextpageIf there are no significant profits after the rebound to this line, the price of oil will continue to go down, looking at $110 or even $100 below"
EIA: This winter U.Sheating oil or shortageEIA's expectations for this winter heating oil market may bring a bit of "warm" to the plummeting crude oil marketThe EIA said it expected further price declines as suppliers and consumers expected further prices and planned to make purchases as prices fellIn the event of unexpectedly cold winter weather, centralized procurement will result in temporary supply shortages and price increases for heating oilheating oil is the most important consumer oil in the United States in winter, the trend of crude oil in winter is often closely related to the heating oil market situationThe big reason for the surge in international oil prices in the winter of 2007 was the tight supply of heating oiloil prices are likely to continue to rebound slightly in the future, with short-term rallies of between $130 and $132If there are no significant profits after the rebound to this line, the price of oil will continue to go down, with the lower position looking at $110 or even $100Est Of the Time on Wednesday, the U.S Energy Information Administration (EIA) released last week's U.S crude oil and refined oil inventory data as scheduled International oil prices rebounded sharply on the day to close to $5, their biggest one-day gain since July 10, as gasoline inventories unexpectedly fell sharply, with the settlement price rising above $125 Light crude for September delivery on the New York Mercantile Exchange (NYMEX) rose $4.58 to $126.77 on Wednesday, its intraday high of $126.79 ICE Brent September crude futures peaked at $4.39 and settled at $127.10 inventory data is long-short and EIA released on the same day, the u.S gasoline inventory unexpectedly fell by 3.5 million barrels in the week ended July 25, compared with an earlier estimate of 200,000 barrels The retail price of gasoline in the United States has recently fallen below $4 a gallon as a result of the collapse in international oil prices crude oil inventories were relatively negative, falling 100,000 barrels a week below analysts' previous estimates of 1.1 million barrels, while distillate inventories rose for the 12th straight week, adding 2.4 million barrels a week and analysts had expected an increase of 1.8 million barrels rebounded at $130-$132 with out of much positive stimulus, the biggest rebound in international oil prices since July 10 Does this mean the beginning of a rally, or the "back-to-light" before the fall? Liu Yuelai, crude oil analyst at Everbright Futures, said: "Wednesday is an ultra-fall rebound, the medium-term adjustment pattern has not changed." In the short term, there is a possibility of a continued rebound, but the rebound will not be too strong At present, the crude oil market has been very weak, a large number of funds withdrawn from the market, last week in the tropical storm, Iran's frequent problems, the sharp drop in crude oil prices, indicating that the funds are very determined to leave the market "Oil prices are now above $125 and are likely to continue to rebound slightly in the future, with short-term rallies of between $130 and $132," said Fu Chunjiang, senior analyst at Jiangnan Futures nextpage If there are no significant profits after the rebound to this line, the price of oil will continue to go down, looking at $110 or even $100 below "
EIA: This winter U.S heating oil or shortage EIA's expectations for this winter heating oil market may bring a bit of "warm" to the plummeting crude oil market The EIA said it expected further price declines as suppliers and consumers expected further prices and planned to make purchases as prices fell In the event of unexpectedly cold winter weather, centralized procurement will result in temporary supply shortages and price increases for heating oil heating oil is the most important consumer oil in the United States in winter, the trend of crude oil in winter is often closely related to the heating oil market situation The big reason for the surge in international oil prices in the winter of 2007 was the tight supply of heating oil (Chen Fang)