The underlying conditions of high international oil prices have changed
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Last Update: 2020-07-04
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Source: Internet
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Author: User
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as of 20:30 on September 15, the benchmark contract for crude oil futures on the New York Mercantile Exchange, the lowest price for October delivery, fell to $94.13 per barrel (about 644.6 yuan), the second consecutive session of international oil prices fell below the $100 (about 684.8 yuan) markthe Asian electronic trading session, which began yesterday, international oil prices continued to operate below $100 a barrel (about RMB684.8), and as of 20:30, the price of the main contract for crude oil futures on the New York Mercantile Exchange, the contract for October delivery, had plummeted at a low price of $94.13 per barrel (about RMB644.6)On the previous trading day," the main contract for October delivery on the New York Mercantile Exchange ended at $99.99 ($684.7) before closing at $101.18 a barrel($692.8)international oil prices rose above the $100 ($684.8) per barrel mark on January 2 and hit a record high of $147.27 ($1,008.5) on July 11And then continued to fall, the current international market crude oil prices than the historical high has fallen by more than 30%The fall in international oil prices has been spurred by a variety of short-term factors, including Lehman's bankruptcy filing, but the key factors are concerns about the global economic downturn and lower expectations of oil demandWang Jian, a futures analyst atGuangfa, believes that the downward trend in crude oil prices has taken shape, and it is difficult to hold a rebound in the market priceHowever, Jinpeng futures analyst Yu Maguo believes that 80 dollars per barrel (about 847.8 yuan) will be the low point of this round of international oil price adjustment, international oil prices have entered the era of high oil prices, with the end of the U.Selection, the adjustment of international oil prices will end100 USD/barrel (about RMB684.8), which is the last time China's retail price adjustment of refined oilIn this regard, refining giant Sinopec said yesterday that the relevant departments have held a meeting to discuss, further with international oil prices in line with the favorable timing and countermeasuresHan Xiaoping, an industry expert, analyzes that the adjustment of domestic refined oil prices depends on the trend of international oil prices for some timeAs the Financial Crisis in the United States increased investors' concerns about the decline in energy demand, international oil prices fell sharply again on the 16th, the New York market oil prices at one point close to $90 a barrel, while the London market crude oil futures and closing prices both fell below $90Light crude futures for October delivery fell $4.56 to close at $91.15 a barrel on the New York Mercantile ExchangeBrent light crude for November delivery fell $5.02 to close at $89.22 a barrel on the London International Petroleum ExchangeNotably, the price of oil fell as low as $90.51 a barrel in New York and the lowest intraday low in London to $88.90, the lowest since February 8The move follows the bankruptcy of Lehman Brothers, America's fourth-largest investment bank, and Merrill Lynch, America's third-largest, which was bought by Bank of AmericaThe worsening U.Sfinancial crisis has investors worried that if the U.Seconomy continues to decline, ordinary consumers and businesses will be forced to reduce energy consumption, leading to a day of declines in international oil pricesAt the same time, the Federal Reserve announced the same day to keep interest rates unchanged, but also helped to push down oil pricesIn this regard, Anbang strategist Chen Gong believes that the international oil price shigh preconditions have changed, the global economy is in a serious recession, which will obviously freeze energy demand;as of 20:30 on September 15, the benchmark contract for crude oil futures on the New York Mercantile Exchange, the lowest price for October delivery, fell to $94.13 per barrel (about 644.6 yuan), the second consecutive session of international oil prices fell below the $100 (about 684.8 yuan) markthe Asian electronic trading session, which began yesterday, international oil prices continued to operate below $100 a barrel (about RMB684.8), and as of 20:30, the price of the main contract for crude oil futures on the New York Mercantile Exchange, the contract for October delivery, had plummeted at a low price of $94.13 per barrel (about RMB644.6)On the previous trading day," the main contract for October delivery on the New York Mercantile Exchange ended at $99.99 ($684.7) before closing at $101.18 a barrel($692.8)international oil prices rose above the $100 ($684.8) per barrel mark on January 2 and hit a record high of $147.27 ($1,008.5) on July 11And then continued to fall, the current international market crude oil prices than the historical high has fallen by more than 30%The fall in international oil prices has been spurred by a variety of short-term factors, including Lehman's bankruptcy filing, but the key factors are concerns about the global economic downturn and lower expectations of oil demandWang Jian, a futures analyst atGuangfa, believes that the downward trend in crude oil prices has taken shape, and it is difficult to hold a rebound in the market priceHowever, Jinpeng futures analyst Yu Maguo believes that 80 dollars per barrel (about 847.8 yuan) will be the low point of this round of international oil price adjustment, international oil prices have entered the era of high oil prices, with the end of the U.Selection, the adjustment of international oil prices will end 100 USD/barrel (about RMB684.8), which is the last time China's retail price adjustment of refined oil In this regard, refining giant Sinopec said yesterday that the relevant departments have held a meeting to discuss, further with international oil prices in line with the favorable timing and countermeasures Han Xiaoping, an industry expert, analyzes that the adjustment of domestic refined oil prices depends on the trend of international oil prices for some time As the Financial Crisis in the United States increased investors' concerns about the decline in energy demand, international oil prices fell sharply again on the 16th, the New York market oil prices at one point close to $90 a barrel, while the London market crude oil futures and closing prices both fell below $90 Light crude futures for October delivery fell $4.56 to close at $91.15 a barrel on the New York Mercantile Exchange Brent light crude for November delivery fell $5.02 to close at $89.22 a barrel on the London International Petroleum Exchange Notably, the price of oil fell as low as $90.51 a barrel in New York and the lowest intraday low in London to $88.90, the lowest since February 8 The move follows the bankruptcy of Lehman Brothers, America's fourth-largest investment bank, and Merrill Lynch, America's third-largest, which was bought by Bank of America The worsening U.S financial crisis has investors worried that if the U.S economy continues to decline, ordinary consumers and businesses will be forced to reduce energy consumption, leading to a day of declines in international oil prices At the same time, the Federal Reserve announced the same day to keep interest rates unchanged, but also helped to push down oil prices In this regard, Anbang strategist Chen Gong believes that the international oil price shigh preconditions have changed, the global economy is in a serious recession, which will obviously freeze energy demand; (name)
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