The hottest new York oil price fell 2, and the inv

2022-08-21
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The oil price in New York fell by 2%, and the inventory report is imminent

in the early morning of November 25, Beijing time, the main crude oil futures contract in the New York market fell by 2%. Traders seem to be a little worried about the prospects of China's economy. China is the second largest oil consumer in the world. In addition, due to the upcoming release of an important crude oil inventory report, market participants are more cautious in their operations

as of 2:30 p.m. Eastern time on Tuesday (3:30 a.m. Beijing time on Wednesday), the latest crude oil futures contract and the most traded volume on the New York Mercantile Exchange: the January light and low sulfur crude oil contract fell $1.54 to close at $76.02/barrel, down 2%. The lowest intraday value of the contract is $75.60 and the highest is $77. It has high accuracy and sensitivity for the measurement and control of load, deformation and displacement 80 dollars

analysts at Commerzbank said: "if the current bullish sentiment in the financial market is reversed, the oil market is particularly vulnerable to a sharp correction, and even the inventory report released by the American Petroleum Institute (API) later today may lead to a heavy fall in oil prices."

this morning, the U.S. government announced that it had lowered its expectations for the economic growth rate in the third quarter, which naturally added to the selling pressure on the oil market. Although the revised growth rate is in line with economists' general expectations, the latest g-can DP report according to national standards also shows that consumer spending is lower than previously expected

higher than expected house prices and consumer confidence data were unable to stop the decline in oil prices, while the news of the increase in the number of failed banks in the United States in the third quarter led to further deterioration of oil market sentiment

half an hour before the close of the oil market, the Federal Reserve released the minutes of the interest rate policy meeting on November. This document shows that Fed officials believe that the pace of economic recovery in the United States will be relatively slow, while the unemployment rate will remain high

API will release last week's oil inventory report at 4:30 p.m. Eastern time. The US Energy Information Administration (EIA) will release official data at 10:30 tomorrow morning. API for mechanical property test of welding electrodes and components is an American oil and Gas Industry Association. According to the survey of Platts, an energy information provider, market analysts on average expect that in the week ending November 20, crude oil inventories in the United States will increase by 1.4 million barrels month on month, gasoline inventories will increase by 500000 barrels, and distillate oil inventories will remain flat month on month. Therefore,

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