Since the beginning of this year, the world has been in the destocking stage, and the escalation of geopolitical issues has led to an increase in market expectations for future supply gaps. Oil prices have continued to rise; the impact of the Middle East problem on supply has basically been reflectCrude oil contracted in oil prices, and it depends on whether the expectations will be realized in the later period. .
There is not much difference between investing in spot crude oil and investing in precious metals such as silver. You have to guess the future price trend and obtain profit through the difference between selling and buying. Therefore, the work of analyzing the market map must be very familiar. Otherwise, It is difficult to profit from price fluctuations.
The main reason for the decline in oil prices is the increase in crude oil production in the United States, Saudi Arabia and Russia. At present, the US crude oil production has reached 700,000 barrels per day, surpassing Saudi Arabia to become the world's largest crude oil production country. And, as of the week of 2nd, US crude oil inventories were 500 million barrels, an increase of 570,000 barrels. This is the 0th consecutive week of growth in US crude oil inventories.
After the formation of the upward trend, the security of intervention is very high, and the short-term profit is very large. The core problem is how to judge whether the upward trend has been formed. This has different standards in different market environments, such as in a bull market. Twenty years ago, when I woke up in the morning and opened my eyes to buy more, I counted the money at night and got cramps. In a weak market such as April 5, 2020, this is often a bull trap. The ability to judge trends is one of the important criteria for measuring the level of speculation.
Goehring and Rozencwajg investment company reports show that global crude oil inventories will reach a record deficit later in 209. The report pointed out that the International Energy Agency had the habit of underestimating the growth of global crude oil demand in its report at the beginning of the year.
This week, as the United States’ first sanCrude oil contractctions against Iran took effect, the market worried that Iran’s oil exports would be cut, coupled with the slowdown in Saudi and U.S. output growth, which brought positive support to international oil prices; however, the Sino-US trade disputes revived and crude oil imports increased. The slowdown in speed has brought concerns about weakening demand, coupled with the sharp increase in US crude oil inventories, which eventually led to a negative increase in the overall rate of change of crude oil.
During the 20-year OPEC meeting, the member states have been in conflict with each other over whether to suppress the excessively high oil price by about 8 US dollars per barrel by increasing production. The Gulf countries hope to ease price increases by increasing supply, but other OPEC members, including Iran and Venezuela, hope to maintain the current supply level. The faction that remains unchanged has greater numbers than the faction that supports increased production. At the time, Saudi Arabia described the meeting as one of the worst meetings in OPEC history.
Ghosh also said that by 2040, India's crude oil demand will grow to 500 million tons per year. This is equivalent to about 0 million barrels per day, up from about 4.7 million barrels per day in 207. Ghosh said that between now and 2040, global oil demand will increase by 5.8 million barrels per day, and India’s oil growth rate will be 5.9 million barrels per day, accounting for 24% of total revenue. But the continued rise in oil prices may hinder India's economic development.
In order to control the speculative activities of the exchange. Under normal circumstances, the margin is about 0% of the total contract value. From the point of view of the essence of the margin, it is a sum of funds paid by the trader to the Commodity Clearing House through the broker, and no interest is calculated to ensure that the trader has the ability to pay commissions and possible losses. But trading margin is by no means a deposit for trading futures.