Seven factors affecting the rise and fall of crude oil?
Factor four: increase or decrease in crude oil inventoriesDuring the period of economic recession decline in crude oil inventories of oil prices have little effect, the increase of crude oil inventories have a greater role in the destruction of oil prices; and in the economic recovery and prosperity stage, crude oil inventories increased to stabilize oil prices, but the decline in crude oil inventories will greatly support the rise in oil prices
Factor three: emergencies and climateWar, terrorist attacks, oil workers strike and other unexpected events and other factors seriously affect the oil price trend.
Factor two: World Economic DevelopmentThe growth of the global economy will affect the price of oil demand by changing the oil market, a strong positive correlation between economic growth and oil demand growth, the change trend of oil price changes with the United States GDP roughly the same trend, the global economic situation of oil price changes on oil prices also plays a vital role.
I analyze the experience of many years in the spot market, the impact of crude oil fluctuations are mainly the following seven factors:Factor one: supply and demandThe imbalance of crude oil supply and demand structure of strained crude oil supply and demand, from every aspect of reserves, production, transportation, refining to the sale of the factors which are very important, a part of any changes will affect the volatility of crude oil prices.
