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[The uncertainty of global supply continues to limit the upstream space of oil prices]
Release date:[2021/7/12] Read a total of[355]time

Crude oil futures prices rose on Thursday because government data showed that US crude oil and gasoline stocks fell sharply. At the same time, at the same time, due to the existence of controversy in OPEC's heavyweight countries, the uncertainty of global supply has continued to limit the upside space of oil prices.

The New York Commercial Exchange delivered in August, the price of Si Texas rose by 74 cents, which is reported to 72.94 US dollars per barrel, the increase of 1%. At the same time, the price of Beihai Brent crude oil futures in the London ICE European Futures Exchange has also risen 69 cents, which is reported to 74.12 US dollars per barrel, the increase of 0.9%.

US Energy Information Agency (EIA) announced earlier on Thursday, as of July 2, US crude oil inventory was reduced by 6.9 million barrels. In contrast, according to the survey of S & P Global Platts, the analyst has previously expected the reduction of 6.2 million barrels in the week, while the US Petroleum Association (API) reported on Tuesday showed that crude oil inventory reduction 7.98 million barrels. US Commercial Crude Oil Storage Center, Oklahoma, Oklahoma, last week's crude oil inventory

In addition, the report also shows that the US gasoline inventory has also decreased by 6.1 million barrels, distillate (including diesel and heating oil) inventory increased by 1.6 million barrels, compared to the standard Pohl Global Pli Company survey, analysts show an average It is contemplated that the permeable gasoline inventory is reduced by 1.7 million barrels, and the distillate stock increases 1.4 million barrels.

Analysts said that the global stock market sells and the US national debt prices continue to rise, reflecting concerns about economic growth, continuing to limit oil prices, the reason is that people are worried about the spread of new crown pneumonian Delta variant viruses.

At the same time, the uncertainty concerning the increasing decline in OPECs continued to fall into the deadlock. OPEC and its ally (collectively referred to as "OPEC +") on Monday, destroying a controlled manner to relax existing production restrictions, allowing an increase of 400,000 barrels of the bin of 400,000 barrels from August to December, after which the crude oil Market transactions have always been present. The UAE stops an agreement, insisting on advocating the original reduction agreement should allow UAE to increase crude oil production.

The XM Senior Investment Analyst Mario Hadjikyriacos said in a report: "With the remaining wave between the Saudi and the UAE (generation), the market participants seem to be planned. Invested in OPEC, the latest wave of risky emotions pour over OPEC (in the increase of production) 'retreat. "

At the same time, oil may also be involved in a global investor to have a disgusting vortex for high-risk assets. The global stock index fell on Thursday, and investors gave up bet on economic acceleration recovery and inflation.

Analysts said that the concerns of new crown virus Delta variants also make market emotional pressure. On Thursday, Japan announced that Tokyo entered an emergency, this emergency state will continue to the Olympics, this highlights people's concerns about the surge in neogp pneumonia infections during the Olympic Games.

In other energy transactions of the New York Commercial Exchange, the price of RBOB gasoline futures in August rose 2.2%, reported on US $ 2.2552 per gallon; the heating period of warming in August increased by 1.5%, reported to each gallon 2.1204 US dollar; the price of natural gas futures delivered in August rose 2.6%, reported to $ 3.688 per million British thermal units. US Energy Information Administration announced on Thursday, as of July 2, US natural gas stock increased by 16 billion cubic feet (about 450 million cubic meters) as of July 2, compared with the analyst, the analyst was previously expected to increase 33 billion cubic feet. More than 930 million cubic meters).


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