The hottest NYMEX crude oil closed slightly lower

2022-08-09
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NYMEX crude oil closed slightly lower on November 14. Yellen's loose speech offset the increase in inventory. NYMEX crude oil closed slightly lower on November 14. Yellen's loose speech offset the increase in inventory. November 15, 2013

[China paint information] because the data released by the EIA on Thursday showed the difference between the mold and plastic rubber, the temperature difference showed that the crude oil inventory in the United States continued to increase last week, while the crude oil inventory in Cushing region surged by 4.6%, US crude oil once fell to a five month low of US $92.51 per barrel. However, after that, Yellen, the current Vice Chairman of the Federal Reserve, made a relatively loose statement at the congressional hearing, and US crude oil rose by nearly $2, recovering most of the previous decline. The crude oil market closed lower on Thursday. NYMEX crude oil futures fell $0.12, or 0.13%, to close at $93.76 per barrel

description of the trend on Thursday (November 14):

at the beginning of the Asian session, American crude oil gradually vibrated higher. Metallographic detection method: cut open the sample you want to test, then embed it, grind the embedded sample with a metallographic grinder, dry it by corrosion, and then look at the microscope. The microscope has a 100 with scale Χ The eye-catching mirror reached near the $94 mark, and then fell slightly. In the European session, US crude oil turned downward and fell to the $93 level. At the beginning of the New York session, US crude oil extended its decline and hit a intraday low of $92.51 per barrel. Then it hit the bottom and rebounded sharply by nearly $2. Finally, it fell slightly to stabilize near $93.80

nymex crude oil futures hit US $94.43/barrel at the highest level and fell to US $92.51/barrel at the lowest level, down US $0.12 to close at US $93.76/barrel, down 0.13%

positive factors of Fundamentals:

1 Janetyellen, the nominee for the chairman of the Federal Reserve and the current Vice Chairman of the Federal Reserve, said on Thursday, "when QE is reduced, a highly loose monetary policy will be maintained for a period of time. There are risks in ending QE too early, and maintaining QE for too long. When the recovery is still fragile, it is crucial not to withdraw the bond purchase measures. For the pace of QE reduction, we are looking for evidence that growth is strong enough to promote economic development."

2. Data released by the U.S. Department of Commerce (DOC) on Thursday showed that the U.S. trade account deficit expanded by $41.78 billion in September, the highest level in nearly four months, with an expected deficit of $39 billion

3. The International Energy Agency (IEA) said that OPEC crude oil production fell for the third consecutive month in October, with daily output falling by 105000 barrels to 29.89 million barrels, slightly lower than its estimate of OPEC crude oil demand of 30million barrels per day

fundamentals negative factors:

1 Data released by the U.S. Department of labor (DOL) on Thursday showed that the number of initial jobless claims in the week of November 9 in the United States decreased by 2000 to 339000 compared with last week, and it is expected to be 330000, with the previous value revised from 336000 to 341000

2. Data released by the U.S. Energy Information Administration (EIA) on Thursday showed that U.S. crude oil inventories increased by 2.6 million barrels to 388.9 million barrels in the week of November 7, with an estimated increase of 1million barrels. In the week of November 7, the utilization rate of refinery equipment in the United States increased by 1.9% to 88.7%

Outlook:

German Bavaria has a very broad utilization prospect. Gerritzambo, a crude oil trader at bayerischelandesbank, said, "with the substantial increase in the production of tight oil and shale oil in the United States, the oil price may bear more pressure in the future. The fact is that the supply and demand side of crude oil in the United States is changing dramatically at present."

markkeenan, head of commodities at SocieteGenerale (10.68, 0.04, 0.38%), said: "commodities including crude oil will be quite sensitive to the hint of when the Federal Reserve (FED) will reduce the scale of bond purchases."

focus on Friday

final value of euro zone October core consumer price index

final value of euro zone October consumer price index

U.S. October import and export price index (monthly rate)

member of the Executive Committee of the European Central Bank (ECB) in London, mosch, made a speech at the sixth annual European Investment Conference of the CFA Association

member of the Management Committee of the European Central Bank (ECB) in Vienna, Novotny made a speech, Entitled "the first Hungarian enterprise officially settled in the park at the crossroads"

miles, member of the monetary policy committee (MPC) of the Bank of England in Dallas, delivered a keynote speech at the real estate conference hosted by the Dallas fed.

karolinaekholm, deputy governor of the Swedish central bank in Stockholm, delivered a speech at a seminar organized by almega, entitled "Central Bank - new demand, old framework"

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