Nowadays, as the quality of life increases, every household has a car. Of course, they are also very concerned about oil prices. Everyone can find that oil prices often change. Of course, people who have not studied oil prices will have questions. What are the fundamental factors that affect oil prices? In fact, there are many factors that can affect oil prices. Of course, the most important ones are the national RMB exchange rate and the cost of crude oil imports.

The exchange rate of RMB also has a certain impact on oil prices

Although the RMB has been in a stable state, it will fluctuate to a certain extent. It is precisely because of this Floating will have a certain impact on oil prices. After all, the RMB exchange rate will affect the cost of crude oil production, and it is precisely because crude oil production requires a certain foundation that the oil price will fluctuate. In fact, the impact on oil prices is not just the exchange rate of RMB. After all, there are many factors that can affect oil prices, and RMB is just one of them.

The cost of crude oil imports is the most fundamental reason

As a country with a large population, my country also has the largest number of cars, so the supply of oil has always exceeded demand. Therefore, in addition to its own In addition to the crude oil produced by the country, it also needs to import crude oil from abroad to maintain normal domestic demand. Of course, the cost of crude oil imports is not the same at each period of time. It is precisely because of the difference in cost that the oil price is affected by different factors. After all, for countries that export crude oil, their own country's demand and the difficulty of collecting crude oil. It also has a certain impact on the cost of exports, which also contains uncertain factors, so it also has a certain impact on crude oil exports.

In addition to the domestic environment, there are also many foreign factors that can affect oil prices. After all, most of our country’s oil needs to be imported from abroad, although oil imports are also a common thing for our country. , but after all, the impact of different events at home and abroad at each period of time will cause oil prices to change to varying degrees.