As of June 65438+1October 65438+March 2020, the oil price in the United States was $30 per barrel.

International oil prices rebounded sharply on Thursday, with Brent crude oil futures and US crude oil futures both soaring by more than 10%, recovering the huge lost ground during the global market turmoil earlier this week, which benefited from market speculation that Venezuela called for an emergency meeting of the Organization of Petroleum Exporting Countries, the global stock market rebound and the slowdown in supply, which gave birth to a short covering-style rebound.

Extended data:

The United States is not only the largest crude oil consumer, but also the largest crude oil producer. The data shows that the crude oil output of the United States reached 6.5438+0.86 million barrels per day in September this year, which was 6.5438+0.4 million barrels per day more than that of the second-ranked Russia. Coupled with the daily import of 7-8 million barrels of crude oil, the United States has already ranked first among crude oil consumers.

The change of American crude oil inventory can reflect the change of supply and demand in American crude oil market to some extent, because when the supply exceeds the demand, the crude oil inventory will increase, and vice versa. The change of supply and demand in crude oil market will affect the trend of oil price. When supply exceeds demand, oil prices are more likely to fall, and vice versa.

Secondly, the current crude oil market is based on the dollar system, and both crude oil quotations and crude oil transactions are mostly completed in dollars. In addition, one of the two most influential crude oil futures is the United States, and the price trends of these two crude oil futures basically represent the trend of international crude oil prices. Therefore, the United States has great pricing power for crude oil.

When the American crude oil inventory changes greatly, it will at least affect the trend of American oil price, and American oil price will use its influence to influence the trend of international oil price.