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Oil prices go up! rise! rise

Oil prices go up! rise! rise

(Summary description)Youliyuan said: Today, Monday, April 23, a new week has begun. At the same time, the domestic refined oil price adjustment window was also opened on Wednesday

Oil prices go up! rise! rise

(Summary description)Youliyuan said: Today, Monday, April 23, a new week has begun. At the same time, the domestic refined oil price adjustment window was also opened on Wednesday

Information

 Youliyuan said: Today, Monday, April 23, a new week has begun. At the same time, the domestic refined oil price adjustment window was also opened on Wednesday. The countdown has already opened. Only the last 3 days, the oil price will usher in an increase, and the three consecutive rises are coming. As of the close of last Friday, the forecast range of domestic refined oil products will increase by about 205 yuan / ton. Will it increase in the last three working days? Stay tuned for April 26th.

 

  Economic Reference News: International oil prices fell sharply last week, hovering at a high point in more than three years. Earlier last week, both Brent crude and New York crude hit their highest since November 2014, reaching $ 74.75 per barrel and $ 69.56 per barrel, respectively, and then fell slightly from their highs. The New York Mercantile Exchange in May delivered The price of light crude oil futures closed at US $ 68.29 per barrel, and the price of London Brent crude for June delivery closed at US $ 74.06 per barrel.

 

  Regarding the recent rally, the market believes that OPEC and Russia's production cuts in the past 16 months have helped push up crude oil prices; rising geopolitical risks are also one of the reasons. It is worth noting that although oil prices have risen and global inventories have declined, OPEC is likely to maintain output reduction measures until 2019. Among them, Saudi Arabia has not sent any signals indicating that it wants to reduce production intensity.

 

 

 

  US oil supply and demand changes have become another focus of market attention.

 

  Mizuho Energy Futures Director Bob said that if Trump starts discussing the possibility of releasing strategic oil reserves, it will put pressure on oil prices. "However, I have not seen any indication that the US government plans to do this." He said.

 

  According to data released by Baker Hughes, an energy service company owned by General Electric, as of the week of April 20, US active rigs increased for the third consecutive week, with a total of 820 units, the highest since March 2015.

 

  Boosted by the US interest rate hike expectations, the US dollar moved higher, and international gold prices fell nearly 1% that week. US Federal Reserve officials spoke in a weekful speech that tumbled the price of gold. Cleveland Federal Reserve Bank President Meister said that the US Federal Reserve should continue to raise interest rates this year and next to prevent economic overheating and rising financial stability risks.

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