And what about the main oil change?
The international capital market hot money outflows or inflows (when the global financial markets lack of investment opportunities, a large number of their own into the international commodity market, especially the crude oil market, will inevitably push up international oil prices, and make it a serious departure from the fundamentals)
Second see the dollar index, crude oil is denominated in U.S. dollars, if the dollar index rebounded, it means that the dollar, foreign investors will increase the cost of crude oil, such as a barrel of WTI crude oil is $100 a barrel, equivalent to 620 yuan or so, now the appreciation of the dollar, devaluation of the RMB $100 a barrel of oil equivalent RMB to 640 dollars a barrel, more expensive, the dollar is bad for crude oil. Others, such as war will increase the risk aversion of investors, the gold is a good hedge assets of gold.Third is the summer, such as driving more people, increasing demand for crude oil, winter heating will increase demand, favorable oil prices
The United States, the oil exporting organization Opec if cut production, inventory is low, there is a war on the oil price is a positive, otherwise it is bad. From the demand side of the world's major oil consuming countries, such as the United States, China, the European Union, if the economic slowdown, the demand for crude oil is expected to reduce the price of oil is bad or vice versa.
First look at the supply and demand of international oil prices, when the oversupply of oil prices fell, from the supply point of view, the world's major oil producing countries such as russia.
