NFX Pinhui International: Strong rebound in oil prices, with bulls taking the lead

　　crude oilThe price has continued to rebound recently,WTICrude oil once touched50dollar/At the barrel level, Brent crude oil rose to52dollar/Horizontal above the bucket.EIAPositive inventory data announced by Saudi Arabia8The news of monthly reduction in export volume is a positive factor driving up crude oil prices. Whether it's from wrong or notOPECDomestic production volume, cash flow impact on crude oil producers, shale oil capital expenditure, orOPECThe attitude of the crude oil market is that bulls have the upper hand. Yesterday, oil prices benefited from news that the United States may sanction Venezuela, once again turning red. Venezuela is OPEC（OPEC）One of the member countries and also one of the main countries exporting crude oil to the United States. Sanctions against Venezuela may lead to a shortage of heavy oil supply to US refineries, as Saudi Arabia has reduced its exports to the United States

         Domestic news 2017year7month21day24At that time, when the National Development and Reform Commission raised refined oil prices according to past policies, the entire industry was caught in a price frenzy of falling voices. Amidst the global market downturn and the widening domestic supply-demand contradiction, as the existing market share of enterprises continues to be lost, oil giants such as Sinopec and PetroChina have launched an unprecedented price war against aggressive private gas stations, even offering discounts of up to 60% in some areas.

        On the international front, there are bullish factors. The rebound in oil prices over the past month is mainly due to a significant reduction in global crude oil inventories, a decrease in US oil drilling, and strong global crude oil demand. The process of rebalancing the oil market is accelerating; In addition, recent geopolitical risks in Venezuela have also boosted oil prices. If the United States imposes sanctions on the oil industry, the lifeline of Venezuela's economy, China and India may become unexpected winners. "Other major crude oil importing countries such as China and India may benefit from it, importing Venezuelan crude oil at extremely low discount prices." The United States earlier announced sanctions against Venezuelan President Maduro, as the oil industry, which was rumored to be sanctioned, temporarily escaped its fate.