The hottest international crude oil inventory fell

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International crude oil inventories fell by 1.4 million barrels per day

international crude oil inventories fell by 1.4 million barrels per day

March 11, 2009

[China paint information to achieve consistency between energy supply and people's demand] OPEC's record production reduction is changing the situation of oversupply in the crude oil market, which makes traders bet wildly that the oil price will rise by 1 barrel in the next two months, overcoming the difficulties of spray free flow marks and welding lines by $50, Last week, the New York Mercantile Exchange doubled its option holdings at $50

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according to the data of the New York Mercantile Exchange, the call option position of the exchange, whose strike price was $50 and the term was before May 14, doubled to 16592 hands last week. The price of these contracts also increased by 8%

according to PVM petroleum partnership, the largest energy broker among banks, since OPEC cut production by 13% in September last year, crude oil inventories have fallen at a rate of 1.4 million barrels per day

harryzilin guiryan, senior oil analyst at BNP Paribas, said that OPEC's production reduction "is enough to reduce the surplus in the global market. For the oil specifications used, please refer to the oil specification introduction". Pierre andran, investment director of bluegold asset management, said that if OPEC cut production again, oil prices could rise to $60 a barrel. US oil tycoon Pickens said in a media interview last week that he expected the oil price to reach $75 a barrel in 2009

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