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Zhonghui Futures crude Oil Daily 20221024: crude oil demand is not expected, crude oil prices fluctuate downward
Zhonghui Futures crude Oil Daily 20221024: crude oil demand is not expected, crude oil prices fluctuate downward
After NYMEX crude oil, the market is expected to drop by $84.22
On Monday (October 24), international oil prices fell more than 1%. As data showed that demand from China, the world's largest crude oil importer, remained sluggish in September, the NYMEX crude oil market is expected to drop by 84.22 US dollars later. However, US President Joe Biden issued inventory replenishment conditions last week, limiting the decline in oil prices.
Us crude oil trading strategy: a-share plunge, oil price is under pressure, focus on European and American PMI data
Crude oil imports by Asian powers fell in September, slightly dragging down the performance of oil prices, with A shares weakening sharply after a series of delayed Chinese data, raising concerns about the demand outlook. However, investors still need to keep an eye on the game between the United States and Saudi Arabia, with the Biden administration last week extending strategic crude oil supplies after OPEC+ decided to cut production earlier this month to support oil prices.
International crude oil fluctuates upward, domestic refined oil products may rise for the second time in the second half of the year tonight
Under the current domestic refined oil price adjustment mechanism, the price adjustment of domestic oil prices is highly correlated with the trend of international crude oil prices during the period. According to the “Refined Oil Pricing Mechanism”, the adjustment of domestic refined oil products is mainly based on the rate of change obtained by comparing the weighted average price of international crude oil prices over 10 working days with the weighted average price of international crude oil prices in the previous cycle.
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Morning Review of Changan Futures crude Oil: the price material fluctuates widely, it is recommended to wait and see or short-range operation.
On October 24, Changan Futures issued a morning review of crude oil, saying that the US government's three-board axe had little effect in regulating oil prices, and that long-short factors pulled down oil prices or maintained shocks, suggesting wait-and-see or short-term operations.