Why do oil prices go up and then up?

Oil price is closely related to the global macroeconomic situation, so oil price is a key price. Because oil price reflects the pricing power of the countries where the spot and futures markets are located, the meaning of oil price is different in different periods. Under the general environment of peace and development, the political attribute of oil is weakened, the economic attribute becomes the norm, the financial attribute becomes more and more obvious, and the oil price fluctuation becomes a financial phenomenon. It should be noted that the "oil price" we usually hear on the radio is generally the real-time price in the futures markets of new york and London, while the oil price used for post-event statistics and research is generally the transaction price in the spot market.

Tips: The above information is for reference only.

Reply time: 2022-0 1-24. Please refer to the latest business changes announced by Ping An Bank in official website.