Will American crude oil continue to fall?
The price of crude oil has actually fallen below 100 USD, and the downward adjustment of oil price is promising. The future oil price trend will continue to decline. In recent days, international oil prices have fallen sharply. The root cause is more a reaction of market sentiment than a true reflection of the relationship between supply and demand in the crude oil market. Since the beginning of the year, international oil prices have been rising all the way. At the beginning of March, the two major crude oil futures both exceeded 130 USD/barrel. After that, there was a certain shock, and the overall decline began in mid-June. It has been declining until now, which is good news for us. There are also many people who predict that the international crude oil price has reached an inflection point, which will decrease but will not continue to decrease. Against the background of environmental impact and weak market demand, everyone is not very optimistic about the future prospects of crude oil, so a large amount of funds are withdrawn from the crude oil market, which is one of the important driving forces for this round of crude oil decline. Some people ask, if the price of crude oil continues to fall, will it return to the 6 yuan era? The answer is definitely no, absolutely impossible. From the perspective of market supply and demand, crude oil may still be at a high level in the future, and the short-term decline is not enough to affect the long-term trend of crude oil. Generally speaking, this small change will not have a big impact, let alone a big change. So it is almost impossible for oil prices to return to the previous era. It is predicted that by the end of 2022, the price of crude oil may fall back to around $65. Is this hope possible? I think this guess is still possible. The data shows that Saudi Arabia also raised the official price of crude oil in August, ranging from $2.8 to $3.5, with the price in Asia rising by $3.5 per barrel. This shows that it is feasible to return to around $65. Always pay attention to the future trend of oil prices and give you a judgment.