Oil prices have slightly fallen from overnight highs

Huitong Network1month12Daily News - Thursday(1month12day)crude oilAt the beginning of the trading day, oil prices slightly fell from the overnight high. Meiyou Trading Co., Ltd52.16dollar/Near the barrel, the decrease is approximately0.17%; Oil distribution and trading55.03dollar/Near the barrel, the decrease is approximately0.31%. US President elect Trump on Thursday Beijing time(1month12day)The speech during the early morning press conference disappointed the US dollar bulls, causing the US dollar to fall under pressure. Saudi Arabia2Reducing crude oil supply to some Asian customers in the month has boosted market confidence in the prospects of production reduction agreements. Both of these positive factors provide support for the upward trend of oil prices. However, the United StatesAPIandEIAThe high inventory of crude oil and refined oil reserves may limit the upward space of oil prices.

At the beginning of crude oil trading, two major positive factors helped to boost oil prices, but high inventory remains a heavy pressure

Wednesday(1month11day)U.S.AWTIcrude oil2monthfuturesIncome increase2.81%Report52.25dollar/Barrel; Brent crude oil3Monthly futures up2.72%Report55.10dollar/Bucket. Although the United StatesAPIandEIABoth crude oil and refined oil inventories have recorded an increase, but US President elect Trump announced on Thursday Beijing time(1month12day)The speech during the early morning press conference disappointed the bulls of the US dollar, causing the US dollar to turn from rising to falling, helping to boost oil prices. In addition, the news of Saudi Arabia reducing crude oil supply to Asian customers has strengthened market confidence in the prospects of production reduction agreements, and crude oil futures prices have closed up nearly3%。

according toFX678Quoting foreign media reports, Saudi Arabia has lowered its price2The crude oil exports to China and South Asian countries in the month have been received by two Southeast Asian refineries, and Saudi crude oil supply will be reduced by approximately30%Notification of. In order to fulfillOPECCommitment to Production Reduction Agreement, Saudi Arabia2The overall decline in crude oil supply to Asia in the month is expected to be5-10%Between. before IEAData shows that the Asia Pacific region2017Annual oil consumption will reach338710000 barrels/Day, accounting for more than one-third of the world.
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