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Spot crude oil trading time
The first trading day of the week starts at 8 am on Monday and ends at 4 am on Saturday.

According to the region, it can be divided into three periods (the following time is daylight saving time, and the winter time is extended by one hour):

1, Asian plate, opening in the morning-3: 30 pm. During this period, transactions are generally relatively deserted, belonging to the market adjustment period. Recently, however, due to the growing influence of Asia, the market volatility in Asia has also increased accordingly.

2. European plate, 3:30-8:30 pm. During the European period, with the increase of funds and the publication of some influential data in the European economic market, the fluctuation range of gold will gradually increase during this period.

3, the American market, closing at 8: 30 pm-early morning. Strictly speaking, the period from 8: 30 to 24: 00 is the time when the American market and the European market trade at the same time, which is the biggest time in terms of funds and attention, and also the time when the market fluctuates the most.

Extended data:

Market situation

1. China developed crude oil relatively late. From the first oil well to the Second World War, the United States once controlled two-thirds of the world's crude oil production, while China's annual oil production was only1.2000 tons.

2. The oil resources and reserves of the United States far exceed those of China. The proven oil reserves of the United States are 48.5, while that of China is only 18.5 (unit: billion barrels). At the same time, the population of the United States is less than a quarter of that of China. The United States "has more oil but less people", while China "has less oil and more people".

3. The oil price in China just looks "expensive". The main reason is that domestic oil prices include not only crude oil prices, but also the costs of refining, oil transportation and gas stations. Finally, add fuel tax. Take 92 # gasoline with a price of 5.67 yuan/liter as an example. If tax is not included, the price per liter should be 2.95 yuan, which is actually the same as that of most gas stations in the United States.

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