Generally speaking, when the dollar rises, commodities such as crude oil will fall, and commodities such as crude oil will rise when the dollar falls. But sometimes special circumstances are not excluded.

Zero Hedge, a famous financial blog, said that the total number of drilling wells in the United States fell to a record low, and the number of oil drilling wells also fell to a new low in this cycle, indicating that the number of drilling wells in the United States is accelerating; According to past data, the trend of oil price usually lags behind oil drilling for a period of time; According to the current trend of oil drilling, there may be a cliff-like decline in the next 18 months, and the crude oil production in the United States may be greatly reduced.

However, the data released by the Commodity Futures Trading Commission (CFTC) last Friday showed that as of the week of May 10, the speculative net long position of new york crude oil held by speculators decreased by 26,584 contracts to 1000 contracts, indicating that the bullish sentiment of crude oil is continuously fading.