Brent crude oil spot price historical data
1/19/2021

Brent crude oil spot price historical data

By Crude oil market dynamics

The most familiar capital market trading product for investors is undoubtedly stocks. The unique T+ trading mechanism of the stock market makes stock operations very difficult and inflexible. The T+0 trading mechanism for crude oil speculation makes it easy to grBrent crude oil spot price historical dataasp market conditions and avoid risks at any time. Very flexible.

Crude oil spot investment not only needs to stop loss but also stop profit, stop profit and stop loss are equally important: because the market always reverses suddenly, the market fluctuates very quickly, it can come out in a few minutes, and manual settings will be too late. Investors must strictly set stop-loss points and take-profit points, and always keep risks within the minimum range.

The team analyzed the weekly chart of WTI crude oil futures and believes that the fifth wave of the five waves since the low in June last year is expected to test upwards of $776/barrel, with a high probability that it will continue to be corrected for a short period of time.

The U.S. Energy Information Administration’s EIA report released on Thursday showed that U.S. crude oil inventories fell more than expected last week. The EIA announced that as of the week of May 25, U.S. crude oil inventories fell by 620,000 barrels to 4.5 billion barrels. The market estimate is A reduction of 550,000 barrels. The current total US crude oil inventory is 4.5 billion barrels, which is in the lower half of the average range for the same period in previous years.

Oil production increased by 6% last year. In the first quarter of this year, the company's output fell by 2% due to production cuts, but the company said it would increase production to the level before the cuts within two months. The company's president consultant told Russian media that the implementation of production cuts is to quickly resume production when there is no need to reduce production.

It is worth noting that according to Reuters, at the Swiss Economic Forum in Davos, Demeter talked about whether Russia will reach an agreement with OPEC to reduce production. Demeter said that Russian President Putin will visit Saudi Arabia later in 209. Will strengthen cooperaBrent crude oil spot price historical datation in oil production.

CNOOC's oil and gas sales revenue in the first half of the year reached 9 billion yuan, a year-on-year increase of 20.5%; net profit reached 25.8 billion yuan, a significant increase of 58% year-on-year. In the first half of the year, CNOOC’s main cost of oil per barrel was US$8, maintaining its competitive advantage in the industry. In the first half of the year, Sinopec achieved operating income of RMB trillion, a year-on-year increase of 5%; realized net profit of RMB 42.4 billion, a year-on-year increase of 58%, creating the best level in the same period in history. As of the end of June, Sinopec’s asset-liability ratio was 4%, and its financial position was sound; cash and cash equivalents included 205.2 billion yuan in time deposits, with abundant cash flow. PetroChina achieved turnover in the first half of the year