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Oil prices may rise for the seventh time this year. What factors have affected the rise in oil prices?
A few days ago, according to news reports, oil prices ushered in the seventh rise this year. Throughout the world, not only in China, but also in the United States and Europe, crude oil futures are on the rise and remain at a high level. As China is not an exporter of crude oil, affected by the world oil price, the oil price in China has risen appropriately. The main reason why crude oil has been on the rise is the delayed impact of the epidemic in 2020. 2020 is a disaster-prone year, because the epidemic in the first half of the year caused the global economy to stagnate and many industries were affected. Therefore, in order to survive the epidemic, in 2020 and the first half of 20021,many countries around the world distributed disaster relief funds in Jiaying currency to help countries tide over the difficulties, which led to the rise in the prices of many commodities around the world, including not only steel and non-ferrous metals. I think the main reasons for the rise in domestic oil prices are as follows.

First, the global epidemic in 2020 will lead to inflation, and the epidemic in 2020 will affect the global economy and industry. Therefore, all countries in the world, led by the United States, began to print money and issue ransom to tide over the difficulties, but it also led to nationwide inflation and the rise of oil prices.

Second, the rise of global commodity prices drives the rise of crude oil prices, and it is precisely because of 1 that global water release leads to inflation, which affects global commodities, and the market has been rising, and the global commodity futures trading prices have also remained high. As the whole market is on the rise, oil prices are also on the rise.

Third, foreign crude oil prices remain high, which leads to the need to raise oil prices appropriately at home. In fact, oil prices around the world are linked. Because the crude oil futures in Europe and America have been high, the weak dollar has led to further increase in oil prices, and oil prices around the world are actually rising.