There is a strong positive correlation between economic growth and oil demand growth. Abnormal weather may cause damage to oil production facilities, lead to supply interruption, and then affect the international oil price, but its impact on the entire international oil price is short-term.

Step 2 supply

Changes in output: The Organization of Petroleum Exporting Countries (OPEC) owns most of the world's proven crude oil reserves, which has a great influence. It always suppresses oil prices by increasing production.

3. Geopolitics

Crude oil has the attribute of strategic materials, and political forces and political situation have great influence. Inventory crude oil inventory is divided into strategic crude oil inventory and commercial crude oil inventory. Strategic crude oil inventory is an oil inventory reserved by the state for strategic consideration and prevention of oil shortage. Every Wednesday, us energy information administration will release the inventory report at 10: 00 EST, and the market will pay attention to the commercial inventory, through which the price trend of crude oil can be predicted.

4. Financial markets

The change of speculative position, speculation in crude oil market and market expectation increase the fluctuation of crude oil price, and the impact on crude oil price is 10%-20%.

5. Related commodity reference

The overall trend of commodities is inversely proportional to the trend of the US dollar. On the one hand, commodities are denominated in dollars, and with the appreciation of the dollar, the relative prices of commodities naturally decline; On the other hand, the appreciation of the dollar often represents the rise of risk aversion, thus reducing the demand for risky assets such as commodities and lowering the price of commodities.

Related reading? Crude oil futures trading rules should be learned first, then entered the market.

Many novice investors enter the market in a confused state. The reason for this is that these people lack a basic understanding of the market. Usually, people always observe before they act, but most people who enter the crude oil futures market will stop trading after 12 months. The root cause is that they didn't start from the first step. Before entering the crude oil futures market, investors should carefully check every detail of their trading system to understand the possible mistakes or various successful ways of this system. This process should include the determined trading motivation, strategy, how to execute the transaction, trading frequency and trading cost.

Second, reduce losses.

In crude oil futures trading, when losses occur, investors should appear in time to reduce losses, and when trading positions are profitable, further increase profits. This is the creed of the financial trading market. However, the most common mistake made by many novice investors is to cling to the loss, hoping that the market luck will reverse, get out early when making profits, and be eager to get the profits into the bag.

Third, know when to play.

A successful investor must know under what circumstances the transaction must occur. The crude oil futures market is always operating according to its own laws, and traders must set stop-loss orders according to the laws of market movement. Considering that sometimes when you lose money in a trading position, it may be the moment when the market turns around, so you should consider the volatility of the market before giving a stop loss order.

Fourth, pay attention to the whole transaction process.

Many experienced investors will pay more attention to the whole process of trading than whether they make money. Because they think that losses are also part of crude oil futures trading. For investors who only pay attention to whether to make money, they can't accept the repeated fluctuations of the market in their mentality. If you can't keep calm in the process of trading, then you can't concentrate and you can't correctly judge the changes in the market. As investors, we can't control the market, only the trading process.