International oil prices have fallen for the third consecutive day

Huitong Network3month2Daily News - Thursday(3month2day)International oil prices have fallen for the third consecutive day as record high US oil inventories have put pressure on the market, and US oil companies are continuously increasing shale oil production.

American Energy Data Association(EIA)Announced, last week in the United Statescrude oilInventory increase15010000 barrels, although the growth rate was lower than expected, it touched5.202A record high of billions of barrels. In addition to importing a large amount of oil from countries such as Saudi Arabia, Iraq, and Canada, domestic oil production in the United States has also risen for the second consecutive week, with a total of900More than ten thousand barrels.

As of the deadline for publication, US crude oil trading53.59dollar/Barrel, Down0.46%; Brent crude oil changed hands at56.19dollar/Barrel, Down0.30%。

becauseOPECStrictly adhering to the production reduction agreement offset the impact of the increase in US crude oil inventories. Many analysts believe that the serious opposition between the two forces has led to a continuous decline in oil prices10It has been operating in a narrow range of oscillations for several weeks.

According to research by ANZ Bank, according to the United StatesCBOEThe latest data released shows that the volatility of international oil prices has hit2014New low since the beginning of the year.

"The market is basically in a range of fluctuations, but both long and short sides have recently increased their layout efforts, which may mean that there may be sharp fluctuations after breaking the current range."Energy AspectsResident Oil Analyst in SingaporeVirendra ChauhanWeigh.

"The current softening trend is also a reflection of yesterday's record high US inventory data."

Reuters Commodity and Energy Technology Market Analyst Wang Tao believes that US crude oil prices have fallen below per barrel53.87The support level of the US dollar may fall to per barrel53.21USD.
   
Brent oil prices are still at per barrel55.93-57.26The US dollar range is neutral, and only by breaking through this range can we see the direction clearly.
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