Trading on Tuesday (27th), due to fear of energy demand. falling and fear of stronger US slogan, different hard times, great expectations from other major oil producers to meet the next week to cut cuts, and finally oil prices are moderately lower.
WTI dropped premature income for delivery in January 7 cents, or 0.1%, to $ 51.56 in barrel, with a high level of $ 52.38 and low at $ 50.30.
Brent raw income fell for the January delivery of 27 cents, or almost 0.5%, to $ 60.21 barrel.
Phil Flynn, market supervisor at Price Futures Group, argues that US-China's trade disputes continue, slowing global economic growth, causing market aspirations to drop down energy demand, and that the strength of the dollar is in a position; Prosecution of material prices as a dozen, such as oil.
China's ambassador to the United States, Cui Tiankai, has a special interview with Wall Street Journal. If this situation is & # 39; On going, the global market will be integrated into dividing decades. Flynn believes that this description has stimulated market constraints on the global economy and energy demand.
Investigators and merchants take care of the G20 conference in Argentina after this week to investigate the Sino-SA trade and its. explore energy demand trends. Tyler Richey, co-editor of the Sevens Report, said: "Existing agreement, or even a delayed decision or an increase in the targets, will be positive, but if there is no agreement, it will affect all hazardous assets. especially foodstuffs containing oil. "
The dollar is strengthened today, and the ICE dollar index index increased by 0.3%, which emphasized the weighted oil prices indicated in the dollar.
Norbert Ruecker, head of the macro-economic research and products of Julius Baer, believes that there is a huge concern on his / her; market for global economic support and economic growth.
"Sandy countries and their alliance depend on oil revenue, and they may face the move of supply. This can reduce the Fuel inflation in emerging markets. For more than 50 dollars in the US in oil prices, the bumblebee industry may think twice about a great investment behaviour . "
Looking forward this week, the market will go to; See the Wednesday EIA water supply report per week. S & P Global Platts analysts expect the government to say that 430,000 barrels fell in oil oil numbers per week to the end of November 23, and this is a & # 39; The first downturn in oil oil supply in 10 weeks.
Other energy trading businesses
Gasoline income fell to deliver December 1.5% to $ 1,421 gallons.
Thinning heat fell to deliver December 0.4% to $ 1,886 gallons.
Natural gas revenue for December raised up 0.3% to US $ 4,426.