What does the fluctuation of crude oil price have to do with?

The fluctuation of crude oil price is mainly related to the following points:

1, the influence of supply and demand.

2. The influence of crude oil price trend.

3. The influence of the production policies of oil-producing countries, especially the member countries of the Organization of Petroleum Exporting Countries.

4. The influence of international and domestic economy.

5. The influence of regional politics.

6. The influence of speculative factors and related markets.

Among them, the relationship between supply and demand is the biggest, because when the supply of crude oil exceeds demand, the price of crude oil will rise, on the contrary, when the supply of crude oil exceeds demand, the price of crude oil will fall.

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