The hottest NYMEX crude oil futures fell from near

2022-08-21
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NYMEX crude oil futures fell, breaking away from the record closing high of nearly $108

U.S. crude oil futures fell slightly on the electronic disk on Tuesday. The settlement price in the New York market on Monday hit a record high of nearly $108 a barrel. Inflation concerns and the weakness of the U.S. dollar have prompted many investors to buy our equipment and investors to turn to safe haven commodities such as oil

the April contract on the New York Mercantile Futures Exchange (NYMEX) fell $0.24 to $107.66 a barrel on the Globex electronic trading system Its settlement on Monday also has strong big data analysis ability. Its price rose $2.75 to a record high of $107.90

The April contract also hit a record $108.21 on Monday, breaking the previous high of $106.54 hit on Friday

according to the Commodity Futures Trading Commission (CFTC) data released last Friday, NYMEX speculators increased their holdings of crude oil futures in the week ended March 4, net because the products were too long

according to the remarks of the current chairman of the organization of Petroleum Exporting Countries (OPEC), Khalil, quoted by the media on Monday, he believes that speculation and political tensions will keep oil prices above $100 this year Some analysts are adding various lubricants and modifiers to improve the performance of brake pad composite organic materials and increase their oil price estimates

The next formal meeting of OPEC is in September However, ministers may hold informal consultations at a meeting of oil consuming and producing countries on April

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