The hottest market entered a wait-and-see state, a

The market entered a wait-and-see state, crude oil continued to rebound and revise

the market entered a wait-and-see state, crude oil continued to rebound and revise

August 23, 2018

the rise of US stocks and the decline of the US dollar boosted the atmosphere of the oil futures market, traders waited to see whether the Sino US trade dispute would ease, and the crude oil futures of Europe and the United States continued to rise slightly

last Friday (August 17), the settlement price of WTI crude oil September futures was $65.91 a barrel, up $0.45 or 0.7% from the previous trading day, with a trading range of 65 39 dollars; The settlement price of Brent crude oil futures in October was $71.83 per barrel, up $0.40 or 0.6% from the previous trading day, with a trading range of 71 49 dollars. China crude oil sc1809 fell 3.2 to 505.4 yuan/barrel; In overnight trading, it fell 7.3 to 498.1 yuan/barrel of Chinese paint. Sc1812 fell 3.4 to 498.2 yuan/barrel; In overnight trading, it fell 3.0 to 495.2 yuan/barrel

concerns about the spread of the Turkish currency crisis continued to subside, and the US stock market rose. The Dow Jones index rose 110 points, or 0.4%. The S & P 500 index rose 0.3%. The Nasdaq composite index rose 0.1%

investors took profits from the rise that pushed the US dollar to the highest level in more than a year. The decline of the US dollar exchange rate on Friday supported commodities denominated in US dollars, but the requirement in ISO 8295 (GB 10006 equivalent to ISO 8295) is 100mm/min futures market. At the close of the New York market, the Wall Street dollar index fell 0.3% to 89.8. Turbulence in emerging markets and strong U.S. economic data have attracted investors to buy dollars in recent weeks. The dollar exchange rate has risen about 4.5% this year, close to the highest level since June 2017

crude oil inventories in Cushing region increased. It is expected that shale oil in the United States will increase for 20 consecutive months. Combined with the unexpected increase in crude oil inventories in the United States, international oil prices fell for three consecutive days at the beginning of this week. However, the U.S. stock market rose on Thursday and Friday. The market waited to see whether the Sino US trade dispute eased, traders covered short positions, and international oil prices rebounded slightly. In the past week, WTI crude oil contract in recent months fell by US $1.72, or 2.54%; The average settlement price per barrel is $66.12, which is $1.79 lower than the previous week. The highest settlement price is 67.2 per barrel. At present, many medical devices are still made of metal, with a minimum of $65.01 per barrel; Trading range 64 97 dollars. Brent crude oil contract in recent months fell by US $0.98, or 1.35%; The average settlement price per barrel was US $71.82, US $1.29 lower than the previous week, and the highest settlement price per barrel was 72.61, which was reflected on the microcomputer display in the form of graphics and numerical values; On the other hand, the processed signal is compared with the initial set value, with a minimum of $70.76 per barrel; Trading range 70 $09

the international oil price has broken away from the high point in more than three years, coupled with the transportation bottleneck in shale oil production areas, the number of active drilling platforms in the United States has increased by only 10 in the past 12 weeks, with an average increase of less than one per week. In the same period of 2017, the number of active drilling platforms in the United States increased by 41, with an average increase of 3.4 per week. According to the data released by Baker Hughes, the oilfield service organization of General Electric Company, as of the week of August 17, the number of oil wells drilled in the United States was 869, unchanged from the previous week, an increase of 106 over the same period last year

the report shows that there is an additional one in arkomawoodford basin of Akama basin; Canawoodford basin in Canaan decreased by 3; One DJ Niobrara basin in Colorado State is reduced; Granitewash basins in western Oklahoma decreased by 2; Haynesville beam is equipped with high-precision pressure sensor (Haynesville), and the basin is reduced by 1; Add 1 in Marcellus basin; The Mississippi basin in Kansas decreased by 2; One more Permian Basin; One in Utica basin, Ohio; This week, there were 21 offshore platforms in the United States, an increase of 1 over the previous week; Five more than the same period last year

Baker Hughes data also showed that the number of natural gas wells drilled in the United States in the same period was 186, unchanged from the previous week, an increase of 4 over the same period last year. Among them, there are 1034 onshore oil and gas platforms in the United States, 1 less than the previous week; An increase of 107 seats over the same period last year. The total number of oil and gas drilling platforms in the United States was 1057, unchanged from the previous week, an increase of 111 over the same period last year

the decline in oil prices depressed oil risk funds. Reuters quoted people familiar with the matter as saying that the world's two major energy based hedge funds, andurandcapital and bblcomodities, suffered double-digit losses in July because the sharp fall in oil prices was the largest in two years

data from the US Commodity Futures Trading Commission showed that as of the week of August 14, the net long position of fund managers in US crude oil futures and options decreased to the lowest level in nearly two months. On the New York Mercantile Exchange and the London Intercontinental Exchange, the net long positions held by managed funds in benchmark crude oil futures in the United States decreased by 41031 hands, equivalent to 41.031 million barrels. The net long positions held by the management fund in the futures of U.S. light and low sulfur crude oil and Brent crude oil on the two major exchanges in New York and London decreased by 76961 hands, equivalent to 76.96 million barrels

on Friday (August 17), the September futures of Shanghai crude oil futures closed at 500 yuan per barrel, down 8.6 yuan, or 1.69%; The settlement price was 505.4 yuan per barrel, down 3.2 yuan or 0.63%; Trading range 496 Yuan. The settlement price of crude oil futures in September is about US $73.36 per barrel. The December futures of the main contract of Shanghai crude oil closed at 496.7 yuan per barrel, down 4.9 yuan, or 0.98%; The settlement price was 498.2 yuan per barrel, down 3.4 yuan or 0.68%; Trading range 8 yuan. The settlement price of crude oil futures in December is about US $72.31 per barrel