Crude oil market price history
1/19/2021

Crude oil market price history

By Crude oil market dynamics

In the choice of trading varieties, there are large fluctuCrude oil market price historyations and large trading volumes. Varieties with high volatility will have more room for profit. In a word, profits come from volatility. Large trading volume is to ensure that we are not prone to slippage in our transactions, and the basis for smooth transactions of our orders. As a speculative transaction, it is very important for some day traders.

On Wednesday evening, OPEC will release its monthly crude oil market report. Investors are expected to understand how OPEC adjusts the scale of production increases to limit the rise in oil prices. UAE Energy Minister Mazrui said on Tuesday that OPEC does not want to make excessive efforts to increase supply and to avoid returning the market to excessive supply.

A Saudi official said in an interview that he expects to see oil prices rise above the $80 mark and even hit the $00 mark. This makes investors' expectations for the extension of the production reduction agreement continue to heat up. OPEC, the Organization of Petroleum Exporting Countries led by Saudi Arabia, is likely to reach a new round of production reduction agreements with Russia and other non-OPEC oil-producing countries at the June policy meeting.

K-line single K-line and combination K-line: It represents the technical analysis chart of the price change in a unit time period, which is the daily, weekly, and monthly opening price, closing price, highest price, and lowest price of various currency pairs. The changes in price and the like are shown graphically.

The U.S. Energy Information Administration EIA released a report on Wednesday May 2 that showed that as of the week of April 27, U.S. crude oil inventories increased by 6.28 million barrels to 600 million barrels, and the market estimated an increase of 790,000 barrels. Crude oil inventories in Cushing, Oklahoma increased by 460,000 barrels last week. U.S. gasoline inventories increased by 10,000 barrels, the largest increase in the nine weeks since the week of the 2nd of the month, and the market estimated a decrease of 570,000 barrels. In addition, last week, domestic crude oil production in the United States increased by 10,000 barrels to 0.66 million barrels per day, a record increase for 0 consecutive weeks, continuing to hit a record high.

The American Petroleum Institute API released a report on Tuesday May, stating that US crude oil inventories increased far more than expected last week, gasoline inventories also recorded growth, but refined oil inventories fell sharply. API announced that as of the week of April 27, US crude oil inventories increased by 470,000 barrels to 2.5 billion barrels, and analysts expCrude oil market price historyected an increase of 270,000 barrels. Cushing crude oil inventories increased by 750,000 barrels.

Spot crude oil investment, due to its excellent volatility and flexible trading methods, gives a lot of room for short-term operations. Many investors also prefer short-term trading and maximize the benefits with short, flat and fast accumulated income. Then for investment How can novices improve the success rate of short-term profitability of crude oil investment?

According to EIA data from the U.S. Energy Information Administration, in the first four months of 208, crude oil and condensate sold from the United States averaged 10,000 barrels per day, an increase of 20,000 barrels over the same period last year, and exports increased by 200 million US dollars year-on-year to 29 Billion U.S. dollars, twice the amount of the same period last year.