Spot crude oil prices and what factors?
Oil stocks and oil pricesThe impact of oil prices on the stock is complicated, when the futures price is much higher than the spot price, oil companies tend to increase business inventories, reduce the current supply, thus stimulating the rise in spot prices, futures spot spread decreases; when the futures price is lower than the spot price, oil companies tend to reduce the amount of business inventories, increase the current supply, resulting in the stock price declines, the formation of reasonable spread and futures price
Oil production costAs a kind of non renewable energy, the production cost of oil will affect the decision of the output of the producers, which will affect the supply of the market.
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 change trend with the United States GDPIn line with the global economic situation, oil prices also play a crucial role in the change in oil prices. The global economic crisis in 2008 led to a sharp drop in oil prices, and with the recovery of the global economy, oil pricesRising. The global economy is relatively bad, people will increase the investment in the industry, the oil resources will increase demand, at the same time, and constantly improve the quality of life of people, cars and household appliances will also increase the popularity ofThe consumption of oil, thus increasing the demand for oil, causing oil prices to rise. Similarly, when the economy is depressed, the demand for oil is reduced, so that the decline in oil prices.
Development of alternative energyFrom the energy consumption structure can be seen in the oil consumption is still in the first place. Oil in the short term can not be replaced by other resources, the demand for oil will remain at a high level in the short term.
