1, the impact of US dollar exchange rate on crude oil price.
The exchange rate of the US dollar is one of the important factors that affect the collapse of crude oil prices. Generally, in the spot crude oil market, when the dollar rises, the oil price will fall. The falling dollar is the law of rising oil prices.
2. The impact of inflation on oil prices.
If the price rises sharply in the short term, the purchasing power of the monetary unit decreases, and the price of crude oil will rise significantly. However, if the inflation rate is within the normal range, the fluctuation of crude oil price is little affected by inflation.
3. International political turmoil, war, etc.
Major international politics, wars and other factors will affect the fluctuation of oil prices, and a large number of investors will invest in crude oil to preserve its value, thus expanding the demand for spot crude oil and stimulating the rise of crude oil prices.
4. The monetary policies of various countries are closely related to the reasons for the sharp drop in oil prices.
When a country adopts a loose monetary policy, it will lead to an increase in the country's money supply and an increase in the probability of inflation, thus pushing up the price of crude oil.
5. The influence of stock market on oil price.
Generally speaking, when the stock market falls, the price of crude oil will rise. This mainly reflects investors' expectations of economic development prospects. If everyone is generally optimistic about the economic prospects, a large amount of funds will flow to the stock market, the enthusiasm for investment in the stock market will be high, and oil prices will fall.