The hottest NYMEX crude oil closed, and the invent

2022-08-20
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(NYMEX crude oil closing) crude oil inventories in the United States fell sharply last week, and crude oil prices closed up on Wednesday

(NYMEX crude oil closing) crude oil inventories in the United States fell sharply last week, and crude oil prices closed up on Wednesday

June 6, 2013

[China paint information] Abstract: as the data released by the American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) on that day showed that inventories fell last week, other oil fields closed down, and Iran's crude oil supply shrank, As a result, the demand for crude hydraulic oil has increased in the long-term work, and the market supply exceeds demand. The crude oil price and crude oil market closed up on Friday. At the same time, the uncertainty of U.S. economic data cooled the market's expectations of the Fed's withdrawal from QE, and the dollar fell slightly, which supported the crude oil price, which closed up slightly on Wednesday. NYMEX June crude oil futures rose $0.43, or 0.46%, to close at $93.74/barrel

trend description on Wednesday (June 5):

due to the data released by the American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) on that day, the inventory decreased last week, some oil fields were closed, and Iran's crude oil supply was reduced, resulting in an increase in crude oil demand, the market in short supply, and the crude oil market closed up on Friday. At the same time, the uncertainty of U.S. economic data cooled the market's expectations of the Fed's withdrawal from QE, and the dollar fell slightly, which supported the crude oil price, which closed up slightly on Wednesday

in Asia, crude oil prices first led to a small rise, and then showed a slight downward trend. In early European trading, crude oil prices rose slightly, and then rose at 93 Narrow range arrangement for $10. During the New York session, crude oil prices first hit the intraday high of $94.48/barrel, then fell back and remained stable around $93.75

nymex June crude oil futures hit $94.48 per barrel at the highest, and fell to $92.79 per barrel at the lowest, up $0.43 to close at $93.74 per barrel, up 0.46%

positive factors of Fundamentals:

1 The American Petroleum Institute (API) released data early Wednesday that crude oil inventories fell 7.8 million barrels last week. Production fell to zero on Monday after problems at the buzzard oil field in the North Sea in Britain over the weekend, reducing crude oil supply. At the same time, Ecuador's state-owned oil company Petroecuador announced on Monday that crude oil transportation suffered force majeure due to the damage of the country's largest oil pipeline last week

2. Data released by the U.S. Energy Information Administration (EIA) on Wednesday showed that U.S. crude oil inventories fell 6.27 million barrels to 391.29 million barrels last week. U.S. crude oil and Brent crude oil futures increased after the data was released

3. Data released by American automation processing company (ADP) on Wednesday showed that private sector employment in the United States in May was lower than expected

4. As a producer of the organization of Petroleum Exporting Countries (OPEC), Iran's supply of crude oil, mainly dry ice or liquid alcohol, is also shrinking due to sanctions from western countries

fundamentals negative factors:

1 Dallas Fed chairman Fisher said that the 30-year bull market in the bond market was coming to an end, and called on the Federal Reserve to reduce the size of QE as soon as possible

2. The report released by the Federal Reserve beige book on Wednesday showed that the economic expansion of the United States has changed from "slight expansion" to "moderate expansion" since the employment rate remained at a relatively low level in April

3. According to the data released by the American Institute of Supply Management (ISM) on Wednesday, the ISM non manufacturing index of the United States in May was 53.7, and it is estimated that the ISM non manufacturing new order index in May recorded the highest value since February

Outlook:

optionsxpress analyst Ben Le brun said: "overall, the oil market will continue to fluctuate to a large extent, as investors try to find clues as to whether the Federal Reserve (FED) will maintain the stimulus measures. Generally, everyone is waiting for the final end of the stimulus measures, so the trend of the US dollar is biased upward, which will put pressure on commodities." On the whole,

brun predicts that the uncertainty in demand growth and monetary stimulus measures, coupled with sufficient supply, will maintain Brent oil prices at $per barrel, while U.S. crude oil futures will remain at $per barrel

focus on Thursday

Australia's trade account of goods and services after the quarter adjustment in April

Switzerland's consumer price index in May

Germany's manufacturing orders after the quarter adjustment in April

British officials require higher experimental technical party bank interest rates

euro zone European central bank refinancing rate

number of initial jobless claims after the quarter adjustment last week in the United States

Canada's Ivy purchasing manager index before the quarter adjustment in May

United States last week Jones Mitsubishi Tokyo UFJ Bank business climate index

Bank of England announces interest rate decision

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