The Outbreak Of The New Crown Epidemic Once Again Aroused The Market'S Attention, And Oil Prices Continued To Decline.
The US crude oil price rose to 1.41% in the recent oil price crisis, and the US crude oil futures market closed down sharply on the positive trend of 1.41% in the recent oil price crisis, and the number of investors in the US oil futures market closed down sharply Brent crude oil futures fell 75 cents, or 1.72%, to 42.78 US dollars / barrel; US oil rose 8.05% and oil distribution rose 8.44% this week.
On the 13th, the number of new cases in the United States reached a record high, and worries about the prospect of crude oil demand deepened again
According to the real-time statistics of worldomers, as of 06:16, November 14, Beijing time, the number of confirmed cases of new coronavirus worldwide reached 53.66 million, and the number of countries with more than 100000 confirmed cases increased to 57. More than 100 000 new cases have been confirmed in the world. According to the latest statistics released by Johns Hopkins University, the total number of confirmed cases of new crown pneumonia in the United States has reached 10693773 and the number of deaths has reached 243466 as of 16:25 on the 13th. In the past 24 hours, 180705 new cases were confirmed in the United States, a new record high, and 939 new deaths. On Friday local time, the New Mexico Government announced that it would open a new round of closures next Monday, which will last two weeks.
Despite the boost ahead of the vaccine, the market will be cautious
The optimistic comments of the head of "qusu operation", which accelerates the tackling of the new crown vaccine, has boosted the market risk preference. He predicts that 6% of Americans will be vaccinated by the end of December, and 20 million Americans will be vaccinated every month thereafter. Although there is a boost ahead of the vaccine, the market will return to rationality and will be cautious to wait and see. On Wednesday, Biden ordered a further six week blockade of U.S. oil prices, and if Biden had succeeded in ordering a nationwide blockade of six weeks, Biden would have ordered a further six week blockade. However, before deciding who will be sworn in as president of the United States in January next year, the trump administration said it would not impose a blockade on the United States under any circumstances.
The number of oil drilling wells in the United States has been increasing for several weeks. Although the prospect is promising, it is not suitable for us
Or because of optimistic market prospects for energy demand, the number of us oil drilling has been increasing for 9 weeks. At 2:00 a.m. Beijing time on Saturday, Baker, an American oil service company According to Hughes, the total number of oil drilling increased by 10 to 236 in the week ending November 13, compared with an increase of 4 previously expected, while the total number of natural gas drilling increased by 2 to 73 and the total number of drilling increased by 12 to 312. Yesterday (November 13) EIA report showed that crude oil inventory has increased significantly, indicating that energy demand is slowing down. The number of newly added new crown cases in the United States has continuously reached a new high, which has intensified people's concern about the demand prospect. During this period, expanding the number of oil drilling wells is too inappropriate, which undoubtedly brings negative effects on oil prices.
The slowing down of US bonds and the weakening of the US dollar also have a positive effect on oil prices
In a report released on Friday, strategists such as Alex jekov of the Bank of France and Pakistan said the dollar faces the risk of slowing down the pace of foreign purchases of US bonds, which will weaken the dollar. Fitch believes that the outcome of the U.S. election means that the upper limit of any stimulus bill against the epidemic may be $1 trillion; in the current political environment, the efficiency of the US government will face challenges; as the scale of fiscal expenditure is not expected to be so large, the yield of long-term US Treasury bonds has fallen sharply, and the rise of the stock market and other high-risk assets makes the US dollar continue to bear selling pressure This momentum is likely to continue as investors predict a further decline in the dollar, making dollar settled oil attractive and supporting oil prices below.
In addition, a Libyan oil source said that Libya's oil production has risen to 1.215 million barrels / day. Libya produced 800000 barrels of crude oil on November 2. The rapid growth in just a few days is obvious to all, and is in line with market expectations. As long as it rises to 1.3 million barrels / day in a month, oil prices will be negative again. Libya's national oil company also said that unless Libya's production reaches 1.7 million barrels / day, there is a possibility of negotiating with OPEC, and the oil market outlook is facing uncertainty again.
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