What are the reasons for the collapse of crude oil, what factors
As early as 2008, China Eastern Airlines, China Aviation Group and COSCO Group in the history of international oil prices to the highest point, high oil contracts signed with Goldman Sachs, Merrill Lynch, Morgan Stanley and other foreign investment banks, oil prices fell rapidly, 3 enterprises have to double indemnity, as of the end of 2008 the total payment of 800 million yuan. The drop in oil prices, gold hedging demand to stimulate the precious metal prices we can see that the current price of oil has continued Powei drag on the global economic recovery process. The most precious metals but constitute a positive stimulus, because people are worried about the economic slowdown, while the demand for hedging will improve, gold and silver has become the first choice. This is why the recent decline in oil prices, gold and silver performance has been relatively strong reasons.
Impact of two: oil prices fell sharply, dragged down commodity chain reactionOn the other hand, the decline in crude oil prices, causing a chain reaction of public goods, copper, sugar, pork, soy and other products are oversupply phenomenon, but also for the market speculation agencies
Oil prices fell sharply, sanctions Russia's economy, the punch"Russia's national GDP has nearly 50% sources of crude oil and natural gas exports, the decline in pressure, but also a sanctions against Russia's national economy. There are indications that the decline in oil prices and international political strategy has a close relationship.
