Why international oil prices are suffering from the "spring chill"

the earth spring back, originally is the time for the slow rise in oil prices, but the recent oil prices have fallen in a row, so that into the glueWhy the oil market suffered a "spring cold", many media or experts believe that the mild weather and OPEC in March has no intention of cutting production, and even doubt that hedge funds from the "troublemakers"But Datasunny's view is that the sharp drop in oil prices is mainly due to a lack of incentives for gasoline and a recession in the United Stateswe know that gasoline demand will reach just over 10 million bpd in the peak month of demand this summer, so well-known institutions such as Goldman Sachs and Societe Generale are predicting that oil prices will peak at around $70However, while gasoline inventories have entered a downward trend, their impact on the market will not be immediateGasoline will not be a big "hot" market unless there is a sudden accident causing a production capacity interruptionOPEC said in its monthly report this week that despite the current decline in U.Sgasoline inventories, gasoline inventories will rise again, despite the current drop in U.Sgasoline inventories, which could drag crude oil prices back on the rise, thanks to ample inventories at refineries and the completion of repairs to some refinerieslook at the U.Seconomy again, U.Sstocks face another Black Tuesday this weekThe plunge in the index shook confidence, raising concerns about a slowdown in the U.Seconomy and reducing demand, sending oil prices plummeting below $60Alan Greenspan, the former chairman of the US Federal Reserve, recently said there was a "one-third chance" of a recession in the US this yearThis view was shared by many institutions and quickly affected the marketHowever, international oil prices have always been the intersection of many factors Despite the brief downturn in the U.S economy, demand in developing countries such as China and India has grown rapidly Although the world economy needs to adjust moderately, the OECD report still predicts that the world economy will grow by around 4.4 per cent this year, so the upward trend in oil prices will not change in the long term investment funds, it seems ready to push up oil prices According to the Latest CFTC report, the net volume of non-commercial positions increased by 57,647 lots as of March 6 from a month earlier However, Datasunny has previously analysed that this round of funds is very cautious and often out of market forecasts It is expected that before the peak of oil in the summer, oil price fluctuations are still very frequent, gasoline stocks will still be the main character in the market, but the stage will never be the only main character singing, supporting actor in the characteristics of the situation will also catch the eye many people expect oil prices to be low and low, but the era of low oil prices is over from any point of view The economic benefits of developing alternative energy sources are clearly insignificant compared with the development of oil When oil prices stay above $30 a barrel, it is economically cost-effective to produce sugarcane ethanol, while the price bottleneck for corn ethanol is $45 That means oil-producing countries can tolerate modest oil price cuts But they also know that it is impossible to get rid of them, at least in this century, to leave them the earth spring back, originally is the price of oil slowly rising a favorable time, but the recent oil prices have fallen in a row, so that into the glue Why the oil market suffered a "spring cold", many media or experts believe that the mild weather and OPEC in March has no intention of cutting production, and even doubt that hedge funds from the "troublemakers" But Datasunny's view is that the sharp drop in oil prices is mainly due to a lack of incentives for gasoline and a recession in the United States we know that gasoline demand will reach just over 10 million bpd in the peak month of demand this summer, so well-known institutions such as Goldman Sachs and Societe Generale are predicting that oil prices will peak at around $70 However, while gasoline inventories have entered a downward trend, their impact on the market will not be immediate Gasoline will not be a big "hot" market unless there is a sudden accident causing a production capacity interruption OPEC said in its monthly report this week that despite the current decline in U.S gasoline inventories, gasoline inventories will rise again, despite the current drop in U.S gasoline inventories, which could drag crude oil prices back on the rise, thanks to ample inventories at refineries and the completion of repairs to some refineries look at the U.S economy again, U.S stocks face another Black Tuesday this week The plunge in the index shook confidence, raising concerns about a slowdown in the U.S economy and reducing demand, sending oil prices plummeting below $60 Alan Greenspan, the former chairman of the US Federal Reserve, recently said there was a "one-third chance" of a recession in the US this year This view was shared by many institutions and quickly affected the market However, international oil prices have always been the intersection of many factors Despite the brief downturn in the U.S economy, demand in developing countries such as China and India has grown rapidly Although the world economy needs to adjust moderately, the OECD report still predicts that the world economy will grow by around 4.4 per cent this year, so the upward trend in oil prices will not change in the long term investment funds, it seems ready to push up oil prices According to the Latest CFTC report, the net volume of non-commercial positions increased by 57,647 lots as of March 6 from a month earlier However, Datasunny has previously analysed that this round of funds is very cautious and often out of market forecasts It is expected that before the peak of oil in the summer, oil price fluctuations are still very frequent, gasoline stocks will still be the main character in the market, but the stage will never be the only main character singing, supporting actor in the characteristics of the situation will also catch the eye many people expect oil prices to be low and low, but the era of low oil prices is over from any point of view The economic benefits of developing alternative energy sources are clearly insignificant compared with the development of oil When oil prices stay above $30 a barrel, it is economically cost-effective to produce sugarcane ethanol, while the price bottleneck for corn ethanol is $45 That means oil-producing countries can tolerate modest oil price cuts But they also know that it is impossible to get rid of them, at least in this century, to leave them (name)