What is the reason for the decline in international crude oil prices?

As the largest commodity in global circulation, the biggest factor affecting the trend of crude oil is the relationship between supply and demand, followed by monetary effects.

The relationship between supply and demand includes supply and demand. As long as the supply is reflected in the supply stability of the world's major oil-producing countries, if geopolitics affects the supply, it will have a greater impact on oil prices.

Demand is reflected in the demand for crude oil in the world's major economies. If the economic data, especially the industrial data of the United States, China and other countries are not good, it will directly affect the demand for crude oil. Since WTI crude oil is only supplied to the United States, the economic data of the United States has the greatest impact on its short-term fluctuations, and the economies of other countries are more of a macro measure, such as the continuous decline of oil prices.

The so-called monetary effects is monetary policy. If monetary policy is loose, it will also push up oil prices to some extent. If the monetary policy is tight and the market funds become less, it will limit the rise of oil prices to a certain extent, but monetary effects is weaker than the relationship between supply and demand.

Tips:

1. The above contents are for reference only and do not make any suggestions;

2. Before investing, it is recommended that you first understand the risks existing in the project and have a clear understanding of the investors, investment institutions, chain activity and other information of the project, instead of blindly investing or straying into the capital market. Investment is risky, so be cautious when entering the market.

Response time: 2021-11-18. Please refer to the latest business changes announced by Ping An Bank in official website.