U.S. stock market fell, European and American crude oil futures closed slightly lower
U.S. stock market fell, European and American crude oil futures closed slightly lower
July 30, 2018
[China paint information]
dragged down by the decline of U.S. stock market, European and American crude oil futures closed down. However, Saudi Arabia and Saudi Arabia jointly pushed the performance and utilization of composite materials to a new peak, and the suspension of oil transportation in the Mande Strait limited the decline of Brent crude oil
on Friday (July 27), the settlement price of West Texas light oil futures in September 2018 on the New York Mercantile Exchange was $68.69 a barrel, down $0.92 or 1.3% from the previous trading day, with a trading range of 68 $77; The September 2018 futures settlement price of Brent crude oil on the London Intercontinental Exchange was $74.29 per barrel, down $0.25 or 0.3% from the previous trading day, with a trading range of 73 85 dollars. China crude oil sc1809 rose 3.9 to 505.2 yuan/barrel; The importance of night stiffness is that it determines the stability of electronic universal testing machine parts in service, which fell 0.5 to 504.7 yuan/barrel
analysts believe that the decline in the US stock market shows signs of slowing economic growth, which will affect oil consumption. Investors analyzed a series of good and bad economic data and corporate earnings reports on Friday. Official data released on Friday showed that the U.S. economy grew by 4.1% in the second quarter, the fastest growth rate in nearly four years, but lower than the expectations of economists surveyed by the media. The disappointing earnings of some other companies put pressure on technology stocks, causing sharp fluctuations in share prices. On Friday, the US Dow Jones index fell 76.01 points, or 0.3%; The S & P 500 index fell 18.62 points, or 0.7%; The Nasdaq composite index fell 114.77 points, or 1.5%
the market continues to pay attention to the situation in Mande Strait, an important oil transportation route to the Red Sea. Saudi Arabia said this week that it had suspended the passage of oil tankers through the Mande Strait after the Iranian backed Yemeni Hussein movement attacked two Saudi oil tankers in the Red Sea. According to the data of the US energy information administration, it is estimated that 4.8 million barrels of crude oil and refined oil were transported to Europe, America and Asia through the Mande Strait every day in 2016
Reuters reported that OPEC and non OPEC oil producing countries participating in the production reduction agreed to increase crude oil production by 1million barrels a day in June, including 200000 barrels a day in Russia. Reuters quoted Russian energy minister Novak on Friday as saying that the market is still unstable and that the U.S. sanctions against Iran have been factored into oil prices. He revealed that OPEC and non OPEC oil producing countries participating in the production reduction did not discuss the issue of increasing crude oil production by more than 1million barrels per daydue to China's support for expanding domestic demand and adjusting the structure to promote the development of the real economy, U.S. crude oil inventories fell, Saudi Arabia suspended oil transportation through the Mande Strait, and international oil prices rose on support. However, the strong inverse price difference of light and low sulfur crude oil futures in the United States led to the decline of futures in the first month for the fourth consecutive week. In the past week, the first month futures of light and low sulfur crude oil on the New York Mercantile Exchange fell net. In the future, it is expected to become a substitute material for the manufacture of disposable coffee cups and other supplies, US $1.77, down 2.51%; The average settlement price per barrel was US $68.80, US $0.162 lower than the previous week. The highest settlement price was US $69.61 per barrel and the lowest was US $67.89 per barrel; Trading range 67 92 dollars. London Intercontinental Exchange Brent crude oil futures for the first month rose $1.22, or 1.67%; For the first time in four weeks, the average settlement price per barrel was $73.85, which was $1.34 higher than the previous week. The highest settlement price was $74.54 per barrel and the lowest was $73.06 per barrel; Trading range 72 85 dollars
in the past week, the September futures of light and low sulfur crude oil on the New York Mercantile Exchange rose by US $0.43, or 0.63%
the number of American oil drilling platforms increased for the first time in three weeks. According to the data released by Baker Hughes, the oilfield service organization of General Electric Company, as of the week of July 27, 861 oil wells were drilled in the United States, an increase of 3 over the previous week; An increase of 95 seats over the same period last year. The report shows that the eagleford basin in Texas has decreased by 1; Granitewash basins in western Oklahoma increased by 2; Haynesville basin is reduced by 1; Three more in Marcellus basin; Permian Basin increased by 4; One in Utica basin, Ohio; One additional one in Williston Basin; There were 16 offshore platforms in the United States this week, 1 less than the previous week; There were 8 seats less than the same period last year. Baker Hughes data also showed that the number of natural gas wells drilled in the United States during the same period was 186, 1 less than the previous week; Six seats less than the same period last year. Among them, there are 1030 onshore oil and gas platforms in the United States, an increase of 6 over the previous week; An increase of 99 seats over the same period last year. There are 1048 oil and gas drilling platforms in the United States, an increase of 2 over the previous week; An increase of 90 seats over the same period last year
the net long positions of the management fund in the futures and options of American light and low sulfur crude oil on the New York Mercantile Exchange and the London Intercontinental Exchange fell to the lowest level since the end of June, but the net long positions in Brent crude oil futures and options increased. As of the week of July 24, the net speculative long positions in light and low sulfur crude oil futures and options in the United States were 412289, a decrease of 11362 from the previous week. In the two major exchanges in Europe and the United States, the net long positions of futures and options of U.S. light and low sulfur crude oil and Brent crude oil held by speculative funds increased by 3033 hands, that is, 3033000 barrels of crude oil
on Friday (July 27), the September futures of Shanghai crude oil futures closed at 506.9 yuan per barrel, up 5.6 yuan or 1.12%; The settlement price was 505.2 yuan per barrel, up 3.9 yuan or 0.78%; Trading range 501 7 yuan. The settlement price of crude oil futures in September is about US $74.36 per barrel. On the same day, Shanghai crude oil futures traded 195066200 hands, equivalent to 195062000 barrels; The position was 33158 hands, an increase of 1080 hands. Among them, the main contracts delivered in September 2018 were 19338 transactions, with 29372 positions, an increase of 458
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