1, the world economy continues to be depressed, and the rise is weak, and the consumption capacity of crude oil is weakened.
2. The global new energy revolution continues to advance, the investment in crude oil continues to grow, and the state of oversupply of crude oil is taking shape.
As the largest crude oil consumer in the world, the United States played a key role in this round of crude oil decline. Due to the liberalization of production and even the increase of refined oil exports, crude oil imports continue to decline, and domestic oil prices are significantly lower than the international market.
4. Crude oil is mainly priced in US dollars, and the continued strength of the US dollar has led to a decline in oil prices.
5. International geopolitical games