US crude oil futures continue to rise

2022-08-06
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Saudi Arabia reduces crude oil exports US crude oil futures continue to rise Saudi Arabia reduces crude oil exports US crude oil futures continue to rise July 23, 2018

on Friday (July 20), the settlement price of WTI crude oil futures in August was $70.46 per barrel, up $1.00 or 1.4% from the previous trading day, with a trading range of 69 10 dollars; The settlement price of Brent crude oil futures in September was US $73.07 per barrel, up US $0.49 or 0.7% from the previous trading day, with a trading range of 72 $47. China crude oil sc1809 rose 6.3 to 490.4 yuan/barrel; The night market closed up 0.2 to 490.6 yuan/barrel, or 0.04%

wti crude oil futures in August ended at the end of the closing period. The settlement price in September was $68.26 per barrel, up $0.02 from the previous trading day, with a trading range of 67 $91

on Monday, it was reported that IMF data showed that global economic growth slowed down, the United States may release emergency oil reserves, the United States may exempt some countries from importing Iranian crude oil, and Saudi Arabia and Russia increased production. International oil prices fell again, and Brent crude oil futures fell to the lowest level in three months. However, it was subsequently worried about the decline of US crude oil inventory and the surge of us refined oil demand. Saudi Arabia planned to reduce crude oil exports in August, and WTI rose for four consecutive days

Saudi Arabia said on Thursday that it did not oversupply the market, and its oil exports remained stable in July. Adeebal AAMA, the Saudi director to OPEC, said in a statement that the concern that Saudi Arabia and its allies are oversupply the market is groundless

the fall in the US dollar exchange rate supported the commodity futures market denominated in US dollars. US President trump tweeted that he was worried that the US Federal Reserve's interest rate hike would push up the US dollar exchange rate. The US dollar exchange rate fell on Friday. The Wall Street dollar index fell 0.7% to 88.24

the oil price is off the three-and-a-half-year high, especially the WTI price is far lower than the Brent crude oil price, and the US oil and gas drilling platforms are reduced. According to the data released by Baker Hughes, the oilfield service agency of General Electric Company, as of the week of July 20, the number of oil wells drilled in the United States was 858, 5 fewer than the previous week; An increase of 94 seats over the same period last year. The report shows that the arkomawoodford basin in the Akama basin has been reduced by 1; One Barnett basin is reduced; Canawoodford basin (canawoodford basin) coating should be increased by 2 basins on average; Granitewash basins in western Oklahoma decreased by 3; Marcellus basin reduced by 1; One in Utica basin, Ohio; One Williston Basin is reduced; This week, there were 17 offshore platforms in the United States, 2 less than the previous week; 6 seats less than the same period last year

Baker Hughes data also shows that 187 natural gas wells were drilled in the United States in the same period, 2 less than the previous week; One more than the same period last year. Among them, there are 1024 U.S. onshore oil and gas platforms, 6 less than the previous week; An increase of 100 seats over the same period last year. A total of 104 oil and gas drilling platforms in the United States checked whether 6 oil system joints were tightened, 8 less than the previous week; An increase of 96 seats over the same period last year

as of July 17, the composite was composed of alumina ceramic nano layer and graphene. In the week, hedge funds and other investment funds' net long positions in U.S. crude oil futures and Brent crude oil futures and options decreased by 128600 hands, equivalent to 128.6 million barrels of crude oil, of which the net long positions in U.S. crude oil (WTI) futures and options on the two major exchanges in New York and London decreased by 34067 hands; Brent crude oil futures and options decreased by 94556 hands on the London exchange

net long positions held by speculators in NYMEX light crude oil futures decreased by 3.5%. According to the latest statistics of the U.S. Commodity Futures Commission, as of the week of July 17, the number of positions in crude oil futures on the New York Mercantile Exchange decreased by 58686. Large speculators held 631294 long positions in NYMEX crude oil futures, 23171 fewer than the previous week. Among them, 44800 hands were reduced for multiple heads; Short positions decreased by 21629

the net long position of the management fund in the futures and options held by American light and low sulfur crude oil on the New York Mercantile Exchange decreased by 7.43%, while the net long position in the futures and options held by American light and low sulfur crude oil on the European market of the Intercontinental Exchange decreased by 7.65%. According to the new classification, the academician workstation for aluminum magnesium alloy materials was established. As of the week of July 17, the net long positions held by the management fund in the crude oil futures and options of the New York Mercantile Exchange decreased from 433938 to 401690 in the previous week; Among them, 33645 hands were reduced for multiple heads; Short positions decreased by 1397 hands. The net long positions held by the management fund in American light and low sulfur crude oil futures and options on the European market of the Intercontinental Exchange in London decreased from 23780 to 21960 in the previous week; Among them, 3937 hands were reduced for multiple heads; Short positions decreased by 2117

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