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I have never understood why international crude oil plummeted! Commodities will also fall? Crude oil is cheap, isn't the transportation cost reduced?
Hello:

1, the main reason is that you don't understand the relationship between crude oil, commodities and dollars.

To put it simply, as long as the dollar depreciates, commodities and crude oil will increase in price, while the dollar will appreciate in the opposite direction.

3. International affairs are based on the flow of capital and profits, and capital is mainly based on US dollars.

The decline of crude oil seems to be that the United States and Saudi Arabia suppressed Russia. In fact, quantitative easing in the United States ended and the dollar began to appreciate.

5. At the beginning of the American financial crisis, quantitative easing and printing a lot of money devalued the dollar and imported the crisis to other countries. At that time, both commodities and crude oil remained at a high level, but now the crisis in the United States has basically passed, so the dollar will flow back to the United States in large quantities because of its appreciation, and it is normal for crude oil and commodity prices to be weak.

6. So the cost problem you understand is not a problem. The transportation cost is too weak to be ignored.

Wish: Good!