On February 15, the two major crude oil futures in the European market continued to rise. The price of Brent crude oil rose to 60. 10 USD/barrel, and the US West Texas Intermediate crude oil reached 57.53 USD/barrel, both the highest points since 20201October 23rd. There are two main reasons for maintaining the rise in crude oil prices: on the one hand, the listing of COVID-19 vaccine has brought COVID-19's influence on the economy under control, and it has begun to be optimistic and the economy has begun to recover; On the other hand, the Organization of Petroleum Exporting Countries (OPEC) and its allies promised to reduce crude oil production and supply, which led to a situation of short supply. Today, Bian Xiao will give you a wave of international crude oil price increase on August 18.

1. The global economic situation is gradually improving. The COVID-19 epidemic in 2020 hung over the world like an iron curtain, and countries paid a heavy price to fight the epidemic, especially several major economies experienced different degrees of economic decline. With the vaccine coming into the market in COVID-19 from June 5438 to February, the epidemic began to turn, the pent-up consumption enthusiasm began to accelerate, and the operating rate of major manufacturers began to pick up gradually. According to the investigation of relevant research institutions, from 2022 to the next 6-8 years, the basic market of crude oil is still in short supply, and the trend of high oil prices is obvious.

Second, the output built by crude oil suppliers has pushed up oil prices. Starting from 5,438+1 0 in June, Saudi Arabia announced that it would unilaterally and voluntarily reduce production by110,000 barrels per day on the basis of the existing oil production quotas in February and March. At the same time, due to the freezing weather in Texas, the shale gas production in the United States has also fallen sharply. However, the Organization of Petroleum Exporting Countries and its allies unanimously decided to reduce production, because the daily production in Midland, Texas has dropped by 654.38 million barrels.

Third, can crude oil remain high? Oil is the blood of modern industry, and its important role is self-evident. Now the world economy is slowly recovering, and the demand for oil is greatly increasing. At this time, the soaring price will undoubtedly have a negative impact on the world economy. Therefore, the International Energy Agency lowered its crude oil demand forecast in its latest monthly report, saying that it is necessary to carefully balance the global market economy and its important impact on the national life of all countries.

The continuous rise of crude oil price means that the economy has a good trend, but the rising price will hinder the economic recovery of most countries, and the living cost of ordinary people and the production cost of enterprises will also rise accordingly. Because it is closely related to the lives of ordinary people, please pay attention to Bian Xiao, which will bring continuous tracking.