Oil prices are too high and OPEC is here again, which is not good! Trump launched another offensive against OPEC overnight. Since taking office, Trump has sent three tweets related to oil prices. Two tweets specifically targeting oil prices appeared in th
On the daily chart, the K-line range oscillated around 66-68 U.S. dollars, falling from a high of 78 U.S. dollars, the upward channel was broken, and the oil price outlook tended to bearish risks. And the auxiliary indicator MACD fast and slow line showed
Although Saudi Arabia has stated that it will cut production by 400,000 barrels per day, the plan has not been discussed yet, let alone implementation. In addition, U.S. crude oil production is accelerating, while crude oil demand is gradually weakening.
The well-known financial blog Zero Hedge stated that after the market commented on Saudi output, U.S. oil rebounded slightly from the intraday low; API crude oil inventories increased by 9.88 million barrels after API crude oil inventories rose by the lar
The last time the U.S. government pressured OPEC to increase oil supply, it was also because of Iranian problems. In 202, an international coalition imposed severe sanctions on Iran. The Obama administration hoped that OPEC could offset the interruption o
Objectively speaking, the current investment of oil companies has gone from being relatively extensive in the past to the current investment decision-making is more reasonable, mainly due to the influence of factors such as the previous low oil prices, in
This trend has been reflected in recent price movements. Russia seems to want a more aggressive push to increase production. Earlier there was news that Russia wanted to increase production by 0 million barrels per day, and recently there was news that Ru
Although the Sinopec report predicts that international oil prices will recover in 209, no one can be sure whether oil prices will continue to fall, setting a record low point. This just shows that the trend of oil price recovery in 209 will not come soon
The price bottoming forms generally include triple bottom, head and shoulder bottom, double bottom w bottom and semicircular bottom pot bottom. The larger the horizontal construction area at the bottom, the more kinetic energy accumulated and the greater