Guoxin Futures: Pay attention to changes in Middle East situation; oil prices will remain volatile in the short term

robot
Abstract generation in progress

Domestic crude oil futures prices fluctuated and rebounded. The main crude oil contract SC2605 closed at 722 yuan per barrel, up 34.6 yuan per barrel, a gain of 5.03%, with open interest decreasing by 136 lots. U.S. President Trump said on Wednesday local time that the United States will step up military actions against Iran in the next two to three weeks, and reiterated that Tehran must be prevented from obtaining nuclear weapons. The continued paralysis of the Strait of Hormuz has caused about 20% of global oil supply to be stalled, and the International Energy Agency (IEA) has issued a stern warning. Related data shows that the supply chain disruptions caused by the strait’s closure have begun to limit diesel and jet fuel supply in Asia, while global inflation pressure continues to rise. Continue to closely monitor changes in the situation in the Middle East; in the short term, oil prices are expected to remain in a wide-range trading range, and it is recommended to take a light position for intraday short-term trading. (Guoxin Futures)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin