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China oil price trend in 2008?
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The summary is as follows:

On June 2nd, 2008, 65438+1October 2nd, 2008, the crude oil price in the international market broke through the 100 mark for the first time on the first trading day of the year, mainly due to the continuous turmoil in Nigeria, an African oil producer.

On March 12, the oil price in new york market broke through the 1 10 mark, because investors bought a lot of crude oil futures to avoid the risk of dollar depreciation.

On May 5th, the price of new york crude oil futures reached 120.36 USD/barrel, which was affected by the Turkish army's cross-border air raid on PKK armed forces and the continued turmoil in Nigerian domestic situation.

On May 2 1 day, the US Department of Energy announced that the total commercial inventory of crude oil in the United States decreased by 5.32 million barrels in the previous week, and the futures price of new york crude oil exceeded $0/30 per barrel to close at $0/33.17 per barrel.

On June 26th, the remarks made by the rotating chairman of the Organization of Petroleum Exporting Countries that the international oil price will continue to rise led to a large number of speculative buyers entering the crude oil market, and the new york crude oil futures price reached $65,438+$040.39 per barrel in electronic trading.

On July 1 1, the persistent tension in the Middle East caused the market to worry about the global crude oil supply shortage, and the oil price in new york hit a record high of $47.27 per barrel.

On August 4th, affected by the deepening financial crisis, the gloomy economic outlook and the expected decline in crude oil demand, the oil price in new york fell below $65,438+$0.20, and within 24 days after setting a record, the oil price dropped by nearly 20%.

On September 15, Lehman Brothers declared bankruptcy, Merrill Lynch was acquired by Bank of America, and the oil price in new york fell below $95 a barrel.

654381October 6, the Dow Jones index fell below 10000 for the first time in four years, and investors' concerns about the economic prospects and the decline in international crude oil demand intensified. New york oil price fell below $90 to close at 87.8 1 USD per barrel.

165438+1On October 20th, affected by negative factors such as the unemployment data of the United States, the new york stock market plummeted and the oil price fell below the integer mark of $50 per barrel.

12 On February 24th, the unemployment rate in the United States reached a record high due to the larger-than-expected increase in the commercial inventory of gasoline in the United States, and the price of new york crude oil once reached $35 per barrel in intraday trading, closing at $35.35.

65438+February 3 1, affected by the tension in the Middle East and the large-scale production reduction plan of the Organization of Petroleum Exporting Countries, the international oil price rose, and the new york crude oil futures price closed at $44.60 per barrel, which was over 50% lower than the closing price at the end of 2007 and 70% lower than the historical record of $ 147.27 set in July.