1, the negotiations of the Organization of Petroleum Exporting Countries (OPEC) broke down, Saudi Arabia announced an increase in oil production, and Russia refused to give way to each other, leading to a sharp drop in oil;

2. Global epidemic, countries take urgent measures to close villages and cities, some countries close their doors, economic activities are in a semi-stop state, world trade is interrupted, international cruise ships are suspended, and oil consumption tax is reduced, resulting in a sharp drop in oil;

3. In recent two years, due to the wide application of new energy and the maturity of shale gas mining technology in the United States, the proportion of total oil consumption has decreased year by year, which has led to the accelerated mining speed in Saudi Arabia and Russia.

Tips:

1. The above instructions are for reference only and do not make any suggestions.

2. All investment in financial derivatives is risky, which requires investors' financial risk management ability and is not suitable for investors without professional financial knowledge. In addition to basic financial knowledge, investors should also control their risk tolerance and not invest blindly.

Reply time: 2022-0 1- 14. Please refer to the latest business changes announced by Ping An Bank in official website.