The increase in US output still suppresses the upward trend

Huitong Network2month28Daily News - Tuesday(2month28day)，crude oilPrices rise and fall,OPECHigh compliance with the production reduction agreement provides support, but the increase in US output still suppresses the upward trend.

As of the deadline for publication, US crude oil trading53.93dollar/Barrel, slight decline0.23%; Brent crude oil exchange rate56.33dollar/Bucket, slight decline0.16%。

at presentOPECThe implementation rate of production reduction agreements among member countries has reached a record high, surprising the market. With Iraq and the United Arab Emirates, two member states that are currently lagging behind in production reduction, promising to quickly catch up with their targets in the coming monthsOPECThe implementation rate of production reduction may further increase.

Due toOPEC"There is a possibility of extending the current production reduction plan, and we expect prices to continue to rise," ANZ Bank said in a report.

Passive investment funds are expected to invest approximately20Billion US dollars funding from forward crude oilfuturesSwitching to recent crude oil futures, with an expected rise in the energy market due toOPECThe reduction in production has led to a decrease in supply.

At the same time, the increase in US oil production continues to limit the rise in oil prices.

Speaking ofOPEC"More production cuts, but they cannot cut production too much, as this will lead to more influx of US shale oil into the market."Ayers AllianceChief Investment Officer stationed in SydneyJonathan BarrattWeigh.

According to federal data, as of2month17During the current week, US crude oil production increased to over90010000 barrels/Day, for2016year4For the first time since the beginning of the month, energy companies are seeking more oil.

Energy Services Company Baker Hughes(Baker Hughes)Last Friday(2month24day)Weigh, as of2month24During the current week, the number of active drilling rigs in the United States increased by five to602Seat, creating2015year10The highest level since the beginning of the month.
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