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Shen 3.8 What are the factors of spot crude oil price fluctuation?
1, non-agricultural data

The first Friday of each month is released at 2 1:30 Beijing time (winter time:165438+1October-March) and at 20:30 Beijing time (summer time: April-65438+1October). The data comes from the changes in non-agricultural employment announced by the Bureau of Labor Statistics of the US Department of Labor, which will affect the entire foreign exchange market and commodities. When the actual published value is greater than the predicted value, it is bad for gold and silver; When the actual published value is less than the predicted value, gold and silver are bullish.

2. Oil inventory

Generally, the data is published once a week, and the time is every Wednesday 1 1: 30 (daylight saving time 10:30), which will have a certain impact on the foreign exchange market and precious metals market. The authoritative data of energy information released by EIA every Wednesday.

The change of crude oil inventory actually reflects the attitude of the US government towards oil prices. If the strategic crude oil inventory increases significantly, it shows that the US government recognized the oil price at that time, so it will increase the strategic crude oil inventory to snatch crude oil resources, thus intensifying the contradiction between supply and demand and leading to an increase in oil prices. or vice versa, Dallas to the auditorium

Generally speaking, the price trend of crude oil is opposite to that of the US dollar index and the same as that of precious metals.

When crude oil stocks increase, it shows that there is an oversupply of crude oil in the market, which leads to a drop in oil prices, a rise in the dollar and a fall in gold.

When the crude oil inventory decreases, it shows that the market demand for crude oil is strong, which leads to the rise of oil price, the fall of US dollar and the rise of gold.

3. US dollar index

The weather vane that best reflects the economic prospects of the United States, while international energy is still settled and paid in dollars.

The real-time data of the US dollar index is updated by Reuters every 15 seconds according to the real-time exchange rates of the constituent currencies. The medium and long-term US dollar index is negatively correlated with the futures prices of non-ferrous metals such as copper, aluminum, zinc and lead. The correlation between short-term dollar index and zinc futures is not significant; The correlation between dollar index and copper futures price is the highest; The smaller the sample size, the higher the correlation may be. For copper futures operation, the dollar index is an important reference index. For other non-ferrous metals, the reference significance of the US dollar index is limited.

4. Federal Reserve interest rate meeting

Only eight times a year, the Federal Reserve's monetary policy or forward-looking guidelines are published.

The meeting usually lasts for one or two days, and the main topics discussed are: economic operation, financial market risks, monetary policy decisions, etc. Every time, economists from the Federal Reserve will present their research results. 20 15 agenda of the federal reserve meeting on interest rates

65438+1October 27 ~ 28 (Tuesday-Wednesday) Statement, Forecast and Chairman's Press Conference

65438+February 15 ~ 16 (Tuesday-Wednesday) Statement, Forecast and Chairman's Press Conference

5. War and War Expectation

Every time a war breaks out, or just the expectation of war, it will affect the market.

6. Supply and demand

The relationship between output and demand is the most critical factor affecting the rise and fall of oil prices. For example, the United Nations banned other countries from importing Iraqi oil, which suppressed market demand.