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What is the fluctuation of spot crude oil?
The fluctuation of spot crude oil is determined by international political and economic events and the relationship between supply and demand of crude oil itself.

1. Crude oil inventory: Every Wednesday night, the authoritative data released by us energy information administration EIA can bring a profit margin of 50- 100 almost every time.

2. Non-agricultural data: On the first Friday night of each month, the number of non-agricultural employees announced by the Bureau of Labor Statistics changes, and non-agricultural data has a great impact on crude oil prices.

3. Federal Reserve's meeting on interest rates: There are only eight meetings a year, and published policies or forward-looking guidelines can always cause relatively large fluctuations in the oil price market.

4. War and war expectation: Every time a war breaks out, or just the expectation of war, oil prices will fluctuate greatly.

5. Relationship between supply and demand: The relationship between output and demand is the most critical factor affecting the rise and fall of oil prices. For example, sanctions imposed by Europe and the United States on Iranian oil exports have curbed market demand.

6. The strength of the Exchange is strong: it comes from the background of central enterprises, and it is the first exchange to pass the examination and approval of the the State Council Inter-ministerial Joint Conference and the SASAC clean-up and rectification acceptance. Cooperate with a number of large state-owned commercial banks, the funds are deposited in three parties, and the deposits and withdrawals are safe and fast.