Crude oil price
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I would appreciate some guidance: will international crude oil prices continue to fall? How low does it need to fall before it reaches the bottom?
This post was last edited by douglas on 2012-6-5 08:43. Why do you ask this? Are you in the crude oil business or in the oil products business? I’ve just started working in the field of exporting Russian M100 dialogues; I welcome any exchanges. Let’s take a look at the European banking sector as well. After all, they haven’t yet injected capital or started printing money. Furthermore, the embargo and the Middle East issue will come into effect in July, along with the South China Sea issue. Europe and the United States must strike a balance regarding these issues; therefore, there will be ways to save the oil market. The key is when to start going long
You need to study carefully the international crude oil futures market, as well as global environmental changes and climate change
The news that radical parties in Greece are leading in the polls has once again spurred the crude oil market, while the crisis in the eurozone resulting from the Greek elections continues to put pressure on oil prices. It is understood that last Friday, international oil prices dropped for the fourth consecutive day, reaching $83.23 per barrel, with a decline of $3.3 on that day. The crisis resulting from the debt problems in the Eurozone will continue to exert pressure on the crude oil market in the medium to long term, and the overall downward trend in international oil prices over this period will not change.
Low oil prices are beneficial for China’s economic development, as well as for Obama’s campaign and for reducing unemployment in the United States. This pressure exerted by the U.S. serves that purpose, but it won’t last long