First, the supply and demand relationship of international crude oil prices

When supply exceeds demand, the price of crude oil falls. From the perspective of supply, Russia and other major crude oil producers in the world. In the United States, if the Organization of Petroleum Exporting Countries (OPEC) cuts production and stocks are low, it will be good for crude oil prices, and vice versa. From the demand side, if the economic growth of the world's major oil consuming countries such as the United States, China and the European Union slows down, the expected demand for crude oil will decrease, which will be negative for crude oil prices.

Second, American economic data.

The United States is the world's largest economy and the world's largest consumer of petroleum products. The economic data released by the United States have an impact on many important commodities, even on the global stock market. Moreover, Americans are not good, and the confidentiality work before the data is released is very good. The outside world can only guess that as soon as the American data is released, so many financial institutions around the world are paying attention. When some data related to crude oil are released, it reflects the demand and supply of crude oil in the United States, which will have a great impact on the trend of the global crude oil market.

The main data are EIA and non-agriculture, and the role of EIA is the most obvious.