The hottest NYMEX crude oil closed at a high price

2022-08-24
  • Detail

(NYMEX crude oil closing) crude oil prices plunged at night. US crude oil fell sharply again on Thursday

(NYMEX crude oil closing) which originally made the countries in the region be military dictatorships. Oil prices plunged at night. US crude oil fell again on Thursday

january 16, 2015

[China paint information] because the US January Philadelphia Fed Manufacturing index released at night was significantly lower than expected, and crude oil was weak after rebounding, The fundamentals have not changed. NYMEX crude oil futures fell $2.23, or 4.60%, to $46.25/barrel

trend description on Thursday (January 15):

intra Asian oil price technology retreated, reversing some overnight gains, hitting $47.16 at one time. Then, due to the Swiss central bank's abandonment of the lower limit of the exchange rate, the oil price soared to $51.13, up more than 5%. However, since the manufacturing index and all sub items released by the Philadelphia Fed were lower than expected and previous values, the oil price not only retreated, but also fell sharply

nymex crude oil futures hit a maximum of $51.13 per barrel and a minimum of $46.07 per barrel

fundamental negative factors:

the organization of Petroleum Exporting Countries (OPEC) said on Thursday (January 15) that the decline in oil prices was beginning to slow down the growth rate of crude oil production in the United States, but this would not prevent the demand for crude oil from the organization in 2015 from falling to a 10-year low. As a "newcomer", EC predicted in its monthly report that the daily demand for crude oil from the organization would fall to 28.78 million barrels in 2015, the lowest since 2004

Ali al omair, the Minister of petroleum of Kuwait, must pay careful attention to the oil level when refueling on week (6). Three (January 14) said that the oil price had fallen deeper than expected, but he reiterated that the decision of the organization of Petroleum Exporting Countries (OPEC) not to reduce production was correct. Al omair's comments reflect that OPEC's core Gulf oil producing countries did not expect oil prices to plummet by 60% in the past six months. When OPEC met in November last year, the Gulf oil producing countries rejected the production reduction requests of other member countries, prompting OPEC to decide not to reduce production

according to the data released by the Philadelphia Fed on Thursday, the manufacturing index of the Philadelphia Fed in January was 6.3, the lowest since February 2014. It is estimated to be 19.9, compared with the previous value of 24.3

Outlook for the future:

PIMCO believed on Wednesday (January 14) that the decline in oil prices would continue for a longer period of time, but it was more cautious about oil field service enterprises. At the same time, it believed that some high-yield energy enterprise bonds were becoming more and more attractive

ANZ said in its report on Thursday (January 15) that OPEC is fighting a price war to maintain market share, which means that oil prices will continue to fall in the future. It is expected that Brent crude oil may fall to $42/barrel and US crude oil (WTI) may fall to $40/barrel by the end of the first quarter of 2015

Goldman Sachs said on Wednesday (January 14) that the output value of the U.S. crude oil base is 11.36 billion yuan, and the price may fall below its six-month expectation of $39/barrel, and the rise of oil prices in the future may also be subject to the recovery speed of shale oil production

focus:

Friday (January 16)

18:00 median harmonized consumer price index in December in the euro area

21:30 core consumer price index in December in the United States was not seasonally adjusted

Copyright © 2011 JIN SHI