Why are domestic crude oil futures cheaper than foreign ones?

The reasons why domestic crude oil futures are cheaper than foreign ones are as follows:

1. Price fluctuation caused by supply and demand in the spot market.

2. China's economic growth stagnated, industrial demand increased, and crude oil prices fell.

3. China's increasing demand for dollars leads to tight liquidity of dollars. Coupled with demand and the rich income of the dollar, the price of crude oil will fall.

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