Does crude oil futures affect oil prices?
Crude oil futures have an impact on oil prices. The supply factors that affect oil prices mainly include world oil reserves, oil supply structure and oil production cost. As a kind of non-renewable energy, the production cost of crude oil will affect the intertemporal production allocation decision of producers, thus affecting the market supply and indirectly causing oil price fluctuations.
What can't be ignored is the short-term factor, which has an effect on oil prices by impacting the relationship between supply and demand in a short time or changing people's expectations of the relationship between supply and demand. Crude oil futures not only have the general commodity attributes, but also have the attributes of strategic materials, and its price and supply are greatly affected by the world situation.
In addition, the price of crude oil directly affects the profits of oil exploration enterprises. At the same time, it is also related to the production costs of oil refining enterprises and downstream petrochemical enterprises. Therefore, the impact of crude oil futures on oil prices is multifaceted.
In recent years, with the development of political multipolarization, economic globalization and production internationalization, it has become an important reason for the oil market turmoil and soaring oil prices. Simply put, crude oil inventory is a buffer between supply and demand and has a positive effect on stabilizing oil prices. The price of crude oil can affect the profits of upstream and downstream oil companies, so it will also affect the profits of oil listed companies, which is manifested in the impact on oil stocks in the stock market.