Crude oil prices on April 10
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Crude oil prices on April 10: Brent at $31.48, WTI at $22.76 – a slight decrease from the previous day! Dalian Haichuan Yuntian Information Technology
Crude oil prices have dropped as low as $20, which is abnormal, but it’s good news for China. It’s a pity that our strategic reserves are still too limited. Last week, the United States, Russia, Saudi Arabia, and OPEC held another round of pretentious discussions, but nothing came of it. Let’s see what happens after the market opens tomorrow. If crude oil prices remain low for 6 months, I estimate that the Americans will look for reasons to start a war, and may even engage in serious conflicts with China, as continuous drops in oil prices have a severe impact on shale oil production in the United States; they might resort to war-like measures to ease domestic tensions. There are now quite a number of U.S. warships near Iran.
It’s not a problem of insufficient reserves; it’s that they simply won’t sell it to you! Here, pressure is applied heavily to drive prices down, while short selling yields profits in the United States.
How does short selling generate profits? Are you asking if there are futures?
Are you referring to the large American conglomerates that hold control over oil pricing? Can the United States control oil prices at will, making them rise or fall as it pleases?
After short-selling, some value stocks drop to rock-bottom prices; just hold them and wait for their price to rise! The tactics that Americans used to employ are now being used by others.