20 14 February14, Beijing petroleum exchange began to launch spot oil trading, which is the first and only oil institute in China to carry out spot oil trading at present.

Oil trading is an important financial trading mode. The domestic oil trading market started later than foreign countries, and the system is still being further improved. The forms of oil trading mainly include oil futures trading and oil spot trading.

Because spot trading is superior to futures trading mode in many aspects, oil spot trading is a widely used and concerned trading method in the world, especially in economically developed countries.

Extended data

Influencing factors of oil price

As the largest commodity in global circulation, the biggest factor affecting the trend of crude oil is the relationship between supply and demand, followed by monetary effects.

The relationship between supply and demand includes supply and demand. As long as the supply is reflected in the supply stability of the world's major oil-producing countries, if geopolitics affects the supply, it will have a greater impact on oil prices.

Demand is reflected in the demand for crude oil in the world's major economies. If the economic data, especially the industrial data of the United States, China and other countries are not good, it will directly affect the demand for crude oil.

Since WTI crude oil is only supplied to the United States, the economic data of the United States has the greatest impact on its short-term fluctuations, and the economies of other countries are more of a macro measure, such as the continuous decline of oil prices.

The so-called monetary effects is monetary policy. If monetary policy is loose, it will also push up oil prices to some extent. If the monetary policy is tight and the market funds become less, it will limit the rise of oil prices to a certain extent, but monetary effects is weaker than the relationship between supply and demand.

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