Zhang Yiqiao:1month16dayOPECThe production reduction has not been implemented yet, and spot crude oil may continue to decline next week

　Zhang Yiqiao:1month16dayOPECProduction reduction has not been implemented yet, spot goodscrude oilThere is a possibility of further decline next week

On Friday, crude oil prices remained strong overall, but the final closing performance was not very good, with a total decline after the weekly closing record3%The main reason is still due to market pressure on the Organization of the Petroleum Exporting Countries (OPEC)(OPEC)Doubts about the intensity of production cuts persist, followed by concerns about the slowdown in economic growth in China, the world's second largest oil consumer, leading to a deterioration in market sentiment.


　　OPECAnd Russia and other nonOPECOil producing countries promise to start from1Production has started to decrease since the beginning of the month, and now1Two weeks have passed since the month. However, there is currently no conclusive evidence of a decrease in exports in the market. Market analysis, based on past situations,OPECThe compliance rate of production reduction can reach50%-60%It's already very good. If so, it would be extremely detrimental to the rise in crude oil prices. Next week's detailed ordering operation points and analysis of future market trends can be added by author Weixinzhyq505Provide detailed information.


So from the external news that is happening in the current market, this has brought significant bearish pressure on the rise of crude oil prices. If there is no substantial improvement in the news next week, it may continue to promote further pullback and decline in crude oil prices.


Spot crude oil will focus on rebound resistance next week:4950-5000Below support attention:4900-4800.


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Author: Zhang Yiqiao