1. Relationship between supply and demand: At present, the crude oil output in China cannot meet the demand. When the market is in short supply, oil prices will rise.
2. US dollar index: At present, the US dollar index continues to weaken, so the inflow of funds from the US dollar market into the crude oil market will stimulate the rise of crude oil prices, and domestic oil prices will also rise accordingly.
3. Economic development: The faster the domestic economy develops, the more fuel consumption increases, which will also stimulate the rise of oil prices.
4. Impact of war: A country at war will increase its demand for crude oil, which will also affect its crude oil export, China will be affected and oil prices will rise.
5. Policy impact: If some major crude oil producing countries introduce policies to reduce crude oil exports, it will interfere with oil prices and lead to an increase in oil prices.
Oil price trend
Oil price is closely related to the global macroeconomic situation, so oil price is a key price. Some economists say that high oil prices have a negative impact on global economic growth. Although it is generally believed that high oil prices are caused by economic growth, it shows that the relationship between them is very unstable. ?
Because oil price reflects the pricing power of the countries where the spot and futures markets are located, the meaning of oil price is different in different periods. For example, the oil price statistics used by BP Company are the average price of US1861-KLOC-0/944, the price of Arabian light oil 1945- 1983, and the spot price of Brent 1983-2008. The fluctuation of oil price we refer to mainly depends on the forward price changes in new york and London futures markets.