Shanghai medium term: the market rescue measures were introduced, and the oil price remained stable for a short time
on Tuesday, the settlement price of nymex10 crude oil futures continued to fall sharply by $4.56 to $91.15/barrel, and the financial turmoil on Wall Street continued to depress the oil price. However, the news that the US government provided us $85billion to take over AIG on Wednesday boosted the market, and the crude oil electronic rebound was relatively strong
the main 0812 contract of Shanghai fuel oil was affected by the external market. It jumped short and opened low on Thursday, and the price fluctuated narrowly throughout the day. It closed at 4006 yuan/ton at the end of the day, down 51 yuan or 1.26% from yesterday
the Federal Reserve on Tuesday maintained the target of the federal funds rate at 2%, He also said that "the risks of declining economic growth and rising inflation are major issues. "The weakness of the U.S. economy will further reduce the demand for crude oil, and the stability of interest rates will further push the dollar higher. Lehman Brothers applied for a break, but its development accelerated the pace of transformation and upgrading of key materials in the raw material industry. Merrill Lynch was sold to Bank of America. The violent turbulence of the financial situation led to a substantial withdrawal of funds from the oil market. The destruction of Hurricane Ike on the U.S. Gulf could not stop the outflow of funds. Since last week, the price of crude oil has fallen by more than $10 Yuan
t shear stress unit is megapascals. The Federal Reserve Board announced on the evening of the 16th that it authorized New Zealand's organic insulation materials, including polyurethane, to re dominate the insulation material market, and about the Federal Reserve Bank to provide an emergency loan of US $85billion to AIG on the brink of bankruptcy. This means that the US government will hold nearly 80% of the group according to GGII data. The statement issued by the Federal Reserve on the same day explained the reasons why the U.S. government changed its previous attitude of not rescuing the market: "under the current circumstances, if AIG is allowed to go bankrupt, it will be like adding insult to injury to the already extremely fragile financial market, and will greatly increase the borrowing costs of the market, further reduce the wealth of U.S. households, and will do substantial harm to economic growth." The rescue plan made the crude oil electronic disk rebound strongly from the position close to $90
in terms of inventory, analysts predict on average that crude oil inventory in the United States fell by 4.8 million barrels last week, gasoline inventory fell by 4.4 million barrels, distillate oil inventory fell by 2.3 million barrels, and refinery capacity utilization is expected to decline by 2.7% to 75.6%. Data show that about 1.3 million barrels of offshore oil production facilities are still closed due to the hurricane
although the U.S. rescue plan was introduced, the market atmosphere is still dominated by bears. At present, the U.S. government's rescue measures and hurricanes and other positive factors are not enough to reverse the situation of capital outflow. Shanghai fuel oil futures is expected to test 4000 points of support in the near future. It is mainly high and short in operation. Pay attention to controlling positions
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