Analysis and comments on the hottest crude oil fut

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Analysis and review of crude oil futures market

the main oil production and refining areas in the Gulf of Mexico in the United States were hit by Hurricane Katrina. 7. Control experiment method: the process of computer automatic control experiment was hit hard. Affected by this, the crude oil futures price on the New York Mercantile Exchange (NYMEX) soared on Monday, but fell below the previous night's record high at the close

traders said that the market trading was cautious and light on Monday, because investors were particularly concerned about whether the hurricane would cause permanent damage to the oil industry in the Gulf of Mexico in addition to the temporary closure. The U.S. minerals administration said that by Monday morning, about 1.375 million barrels of crude oil per day, 91.69% of the U.S. Gulf of Mexico region's production and 83% of the region's natural gas production had stopped. The Gulf of Mexico region has a refining capacity of nearly 2million barrels and an oil production capacity of nearly 1.4 million barrels

gasoline and heating oil futures rose more strongly than crude oil futures, indicating that the current market focus is on the potential harm of hurricanes to refineries (rather than offshore oil exploration). The settlement prices of gasoline and heating oil futures closed at record highs in September

analysts said the extent of damage caused by the hurricane may take several days to know

the market pays close attention to the US general principle that the computing impact device (probe) is based on Bush's television speech, and expects to get some hints from it to judge whether the US will use the strategicpetroleumreserve to fill the possible supply gap of crude oil

but Bush did not mention the above. U.S. Department of energy officials said that they have been in contact with oil companies. If refineries apply, the government may borrow some from the strategic oil reserves to them. However, these officials said they did not expect such a move in the next day or two

after the closing of the New York Mercantile Exchange, Saudi Arabia, the world's largest oil producer and exporter, said it was closely monitoring the situation in the United States and that it might increase its crude oil supply if necessary

Saudi Arabia's oil minister alinaimi said on Monday that Saudi Arabia was ready to increase its daily crude oil production to 11million barrels a day to make up for the supply shortage caused by the hurricane in the oil producing areas of the United States

the industry estimates that Saudi Arabia's recent crude oil production is 9.6 million barrels per day, with a daily output of 10.5-11 million barrels per day. However, traders and analysts said that if there were problems in the refining sector, whether Saudi Arabia increased supply or the United States used strategic oil reserves, it might not help

compared with petroleum products, the current crude oil inventory in the United States is abundant, which is 13.2% higher than last year's level

gasoline futures performed strongly on Monday, showing end of season anxiety ahead of the Labor Day holiday next weekend. The night before yesterday, September gasoline futures, which will expire on Wednesday, rose more than 20 cents to $2.1606 a gallon, a record high. September gasoline futures closed up 13.37 cents at $2.0606 a gallon

U.S. gasoline inventory is 7% lower than last year's level, and the concern about futures supply seems unlikely to disappear with the expiration of September 4, when the reverse zigzag experimental machine will put the rocker arm in the vertical position. October gasoline futures closed up 11.39 cents at $1.9673 per gallon, higher than October heating oil futures

October crude oil futures closed up $1.07 to $67.20 a barrel, lower than the closing high of $67.49 set last Thursday; The futures contract soared to a record high of $70.80 a barrel the night before yesterday

how about the universal testing machine in the weekly testing machine? September heating oil futures expiring in March rose 7.22 cents to $1.9088 per gallon. October heating oil futures closed up 6.29 cents at $1.9341 a gallon

London International Petroleum Exchange (IPE) was closed on Monday for a holiday

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