Crude oil closed up the number of wells led by multiple bad oil prices rose on Friday


Crude oil closed up the number of wells led by multiple bad oil prices on Friday changed the exposure of the Sina fund exposure: the letter Phi lag behind false propaganda, long-term performance is lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! FX168 financial news (Hongkong) news WTI crude oil futures in November on Friday (September 30th) closed up $0.41, or 0.86%, at $48.24 barrel, rose 8.12% this week, up by $7.58% in September. Friday, November Brent crude futures fell $0.18, or 0.37%, at $49.06 a barrel this week, up 7.64% in September, up 6.72%. Although the organization of Petroleum Exporting Countries (OPEC) Limited production prices agreement is still supported, but American oil continues to rise, the number of active drilling in the oil bulls operating profits to restart the oil price trend shocks, in addition, the execution of the September OPEC output hit a record high recently also makes limited production protocols exist question. U.S. WTI crude oil futures prices hit a maximum of $48.30 barrel, Brent crude oil futures prices hit $50.27 barrel. Fundamentals favorable factors: OPEC member countries in Algiers reached a freeze production agreement to limit the supply of crude oil, for the first time in 8 years to reach a freeze agreement. OPEC agreed to limit oil production in 3250-3300 million barrels per day interval. A source said that once the organization to achieve its goals, OPEC will seek support for non OPEC oil producing countries. In addition, OPEC will reach an agreement on the specific level of output at each of the member countries in the next official meeting in November. U.S. Energy Information Administration (EIA) data show that as of September 23rd, when U.S. crude oil inventories fell 1 million 900 thousand barrels, the market is expected to increase by an average of 3 million barrels, recorded a decline for four weeks. U.S. refined oil stocks fell 1 million 900 thousand barrels, the market is expected to reduce by 14 thousand barrels, for the first time in 8 weeks recorded a decline. In addition, the United States crude oil delivery site Cushing inventory reduction of 631 thousand barrels. China Bureau of statistics data show that China August crude oil production was 16 million 450 thousand tons, about 3 million 870 thousand barrels a day, down 9.9% compared to the same period last year, the average daily production hit their lowest level since at least December 2009, but also for the largest single month decline of second over the same period. Low oil prices forced state-owned oil companies to gradually close the operating cost of high oil fields, more dependent on imports of crude oil supply. China imported 32 million 850 thousand tons of crude oil in August, about 7 million 770 thousand barrels a day, the highest in April. These help to alleviate the problem of excess supply in the oil market. The fundamentals of bad factors: Reuters survey data show that in September OPEC crude oil production chain is expected to increase 70 thousand barrels per day to 33 million 600 thousand barrels a day high; which Iraq and Libya may lead other members, while Saudi Arabia will produce 10 million 550 thousand barrels per day. Iraq’s oil minister Luibi (Jabar Ali al-Luaibi) held a separate press conference after the meeting, complaining that OPEC underestimated Iraq’s oil production. Many theories相关的主题文章: