Oil Price Morning Post: European and American Crude Oil Futures Falling

2019年04月18日10:51 来源：无

In the Asian market, oil price shocks tended to climb, but Russia said it would consider all options for a cut-off agreement. Once the oil market rebalanced, there was no need to extend the cut-off, and it was generally satisfied with the current oil price level. The news suggests that Russia may increase production in June, thereby putting pressure on oil prices. On the other hand, EIA's monthly report shows that oil prices have fallen further by raising US crude oil production growth expectations and lowering global crude oil demand growth expectations for 2019. However, the market is waiting for the clearer attitude of the United States towards the new round of sanctions against Iran and the warming situation in Libya to form effective support for the bottom of oil prices, which have fallen but remain high as a whole.

As of April 9, WTI was down 0.42 to $63.98 a barrel and Brent was down 0.49 to $70.61 a barrel. SC main force rose 1 to 478.9 yuan per barrel in 1905.

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