US spot direct oil price plunged International oil price plunged nearly 40% in five months, US oil price fell below $3 per gallon, small owner monthly oil money saved hundreds of dollars
To add fuel to her minivan at $2.51 per gallon, American consumer De Mona was happy because it was the lowest oil price she had ever paid for.
Since OPEC’s meeting did not reduce production, international oil prices fell for four days to 66.15 US dollars per barrel last week, with a cumulative decline of 12%, a 16% drop in one month, and a 38.1% drop from the high point of the year at the end of June (or $40.76), the technical side has shown a clear mid-line bear market pattern.
The plunge in oil prices has led to a global market chain reaction: in the US market, the price per gallon of gasoline fell to an average of 2.782 US dollars, which made some small businesses engaged in related industries save monthly fuel costs of 500-800 US dollars compared with the same period last year; China's refined oil prices are After the unprecedented "eight-day losing streak", the consumption tax has just been upgraded, while the oil price has fallen, which has reduced the production costs of many enterprises. The aviation, logistics and automobile sectors in the A-share market have been going all the way.
Due to the political game of big countries and the reversal of the supply and demand structure of crude oil, most people are bearish on the international oil prices in the next six months, and their long-term trend is not optimistic. The lowering of oil prices should be able to maintain the Chinese economy for a period of time. The investment value of most beneficiary stocks in the next six months is still worthy of attention; but short-term should also prevent airline stocks from falling back.
Since the OPEC meeting did not reduce production, the international oil price fell for four days to 66.15 US dollars per barrel last week, and the technical side has shown a clear mid-line bear market pattern.
The reporter saw in the United States that on Saturday morning, the average oil price in downtown Chicago was 3.249 US dollars per gallon (3.785 liters), down 1.8% from a week ago. The average oil price in the Chicago metropolitan area fell from $3.054 a week to $2.984.
US industry forecast: short-term oil price may fall to about 60 US dollars. A fund-raising manager of a Wall Street hedge fund in China and the United States and other oil importing countries accepted the Guangzhou Daily reporter's interview and analyzed the oil price crash. The previous sharp drop has digested the market's pessimism. It is expected that the short-term oil price will be relatively stable, but it may fall to around US$60. “There may be opportunities to buy in the short term. However, I will not build a large number of positions.†The person’s long-term bearishness in oil prices is expected to lead to oil prices in the long run. It fell to 40~50 dollars.
"In the foreseeable future, oil prices will continue to remain low," AAA-Chicago spokesman Beth also said. US analysts generally believe that shale gas producers in the US and Canada will be hurt because lower crude oil prices will make it difficult for these companies to expand their operations.
However, the fund manager of the above hedge fund said that the fall in oil prices has a stimulating effect on the global economy. Inflation expectations are lower, low interest rates are maintained for a longer period of time, and the real economy is promoted. "The decline in oil prices is good for oil importing countries such as China, the United States, Europe, and Japan, and it is bad for oil exporting countries such as Russia and Iran."
China's industry forecast: the international oil price mid-line bear market has established a low-level shock of 55~85 US dollars. Chinese industry insiders and American industry insiders have basically the same view of the air line. Ma Yinming, an analyst at Guangdong Gold Mine, believes that the reasons for the oil price plummeting are manifold. In the short-term, many OPEC countries have not cut production in the oil-producing countries, and international investment banks have used this information to make short-selling hype. In view of this, in the short-term, after the big drop, as long as no further bad news is announced, oil prices will rebound in two weeks. The technical side of the international disk has been seriously oversold, and it is not enough to make a further exploration of 55~60 dollars.
However, in the mid-line (for the next six months), the next strong support for international oil prices will be in the 67-70 US dollar line in 2010. Even if it is driven by the demand for oil peaks at the end of December, it will be difficult for oil prices to rebound to the previous important 92. Dollar. The bottom of the oil price should be at the bottom of the 50-60 US dollar; it is possible to maintain a low volatility between 55 and 85 US dollars for a long time.
However, as the US economic recovery will also promote the demand for long-term crude oil products, long-term oil prices can only say that the possibility of entering a bear market is too large.
The US “Black Friday†shopping market affected by the plunge in oil prices is full of people. Chicago resident Jie Ji’s family runs a truck business. According to her estimate, after the oil price drops, it can save 500 to 800 US dollars per month compared with the same period last year. Relative to Chicago, oil prices in New York are relatively stable. Joe, the driver of the taxi that took the taxi in New York, said, "The oil has just been added in the morning, $3.5 a gallon. It was also the price last week. Maybe it will change next month." However, the reporter found that New York last week The average price per gallon is $3.249, which is 1.1% lower than a week ago.
In the past year, the average price of gasoline in the United States has fallen by 15%. On Saturday, the average price of gasoline per gallon in the United States was $2.782, compared with a one-year average of $3.279.
The “avalanche†of crude oil prices has also driven US consumer spending. The reporter saw in the central area of ​​Chicago that in the "Black Friday" shopping tide last week, the major stores were overcrowded. At Macy’s, the crowd at the door was about 100 meters. The shuttle bus to an outlet store is one after another, and there is no empty seat.
US stock market: ice and fire two days The weak oil price boosted aviation stocks and other industries that consumed a lot of oil. Among them, Southwest Airlines rose 6.5%, the biggest gainer among the S&P 500 index. Strong consumer spending led to a surge in consumer stocks. At the close on Friday, Wal-Mart rose 3%, and the S&P 500 retail stock index rose 1.4%.
The S&P Energy Index fell 6.3%, the worst performing S&P stock during the year. The shale gas companies that had previously been highly concerned by the market were also affected, such as Denbury Resource and QEP Resources, both falling more than 15%.
Square Steel,Square Bar,Steel Square Bar,Stainless Steel Square Bar
Huaibei Zhonglian Steel Technology Co., Ltd. , https://www.zlxgsteel.com