First, looking at the international oil price supply and demand, the oil price demand is declining, and the supply depends on the ratio of the world's major crude oil production. Russian-American oil transportation organization OPEC reduces production. In war, oil prices are bad when they are good. On the demand side, it depends on the proportion of major crude oil consumption in the world. The economic growth of the United States and the European Union has slowed down, the expected demand for crude oil has decreased, and oil prices have been negative, and vice versa.

Second, looking at the US dollar index, crude oil is denominated in US dollars. The rebound of the US dollar index means that apart from the increase of the appreciation of the US dollar, the cost for investors to invest in crude oil is about 620 yuan RMB for a barrel of wti crude oil with a price of $ KLOC-0/00. Now the appreciation of the US dollar devalues the RMB, and a barrel of crude oil 100 US dollars is converted into RMB 640, which makes the appreciation of the US dollar more expensive. Crude oil is broken, worse than the war, and investors' safe-haven assets, crude oil gold, are broken.

Third, season and summer drive the increase of crude oil demand, and winter heating demand is good for oil prices.