First, the strength of the dollar. To put it simply, when international oil is settled, it is generally settled in US dollars. Under normal circumstances, if the price of crude oil rises, its inflationary pressure will lead to the depreciation of the US dollar exchange rate, and the depreciation of the US dollar will bring about a result, that is, the price of crude oil settled in US dollars will rise. On the other hand, when oil prices fall, international investors will think that the economy is improving, which will push up the strength of the US dollar out of confidence in the US economy, leading to
? Second, how much international crude oil is collected. The countries of the Organization of Petroleum Exporting Countries, led by Saudi Arabia, will contain the rise and fall of international oil prices in every move. For example, if the daily oil production decreases, the oil price will soar in a short time;
? Three, crude oil pipeline factors. As we all know, crude oil is usually transported by sea or pipeline after collection. If there is an accident during transportation, the oil in the whole crude oil route will be stuck, and then the demander will mobilize crude oil from other places at a high price to spend this time. Blocked crude oil also needs to be dredged again by bypassing and changing the mode of transportation. Maintenance fee, diversion fee, transshipment fee, etc. These have virtually raised the price of oil. The most typical example recently is the blockade of the Suez Canal in Egypt. Now, hundreds of ships, including crude oil tankers, are blocked at the mouth of the canal. During that time, oil prices rose accordingly.
? Fourth, international sanctions. In the international crude oil distribution, most of the oil is located in the Middle East, which is also a war zone. Conflicts between countries and sanctions between countries will affect the exploitation and transportation of oil. Once the exploitation is affected, the oil production will decrease and the demand for crude oil will increase day by day. Once the production of crude oil drops, it will soon be in short supply, and then the oil price will be greatly affected.
? Generally speaking, there are many reasons that affect the rise and fall of oil prices, but not one reason can affect the rise and fall of oil prices. Generally, it is a combination of many reasons that will lead to the rise or fall of oil prices. In addition, there are natural factors, the causes of world financial risks, and the settlement time of crude oil futures options. This may affect the price. We need to look at them comprehensively.