I. SUMMARY OF CONTENTS
The latest EIA inventory report showed that as of July 8, the weekly crude stocks recorded a decrease of 2.546 million barrels, with an expected value of 2.95 million barrels. The morning announcement of the weekly API data unexpectedly increased by 2.207 million barrels, the largest increase in 10 weeks. The oil price fell steeply because the EIA was less than expected.
Second, financial news
----EIA reduced by 2.546 million barrels less than expected oil price steep fall
Beijing time Wednesday 22:30, the U.S. Energy Information Agency (EIA) released as of July 8, the weekly crude oil inventories decreased by 2.546 million barrels, the expected value is reduced by 2.95 million barrels, before the value of 2.223 million barrels. : zhang1477626
Specific data show that As of July 8, when the weekly gasoline inventory increased by 1.213 million barrels, the expected reduction of 432,000 barrels, the value of the former was reduced by 122,000 barrels; when the weekly refining oil inventory increased by 4.058 million barrels, the expected increase of 256,000 barrels, the former value of 1.574 million barrels reduced; when the Oklahoma region's stock of oil inventories decreased by 232,000 barrels, it was expected To reduce the 82,000 barrels, the former value is reduced by 82,000 barrels.
Analysis on the causes of----crude oil collapse
The week of Thursday, when API data unexpectedly increased 2.207 million barrels, the biggest increase in 10 weeks, oil prices rose nearly 5% from the previous day after the investors locked in profits and fell. The rise in oil prices is partly due to the EIA short-term energy outlook and the OPEC monthly report, which are expected to increase demand for oil next year and raise oil prices this year. But the International Energy Agency's monthly crude oil market report, released in Wednesday, showed that OPEC oil output hit a eight-year high in the light of Saudi and Gabonese factors, with oil supplies in the Middle East hitting record highs and US production falling; Despite the near-limit of oil inventories, such a high scale remains a major factor in suppressing oil prices.
"Crude oil multi-single solution set"
At present crude oil from the entire plate view, bearish trend is very obvious, below the support look at $44, crude oil around 46 US dollar quilt cover friend suggested rebound to 45.2 near double fill empty, below the attention of 44.4 U.S. dollars, list profit or small loss out. If you do not understand, you can consult a foreign finger gold: zhang1477626
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One foreign finger gold: 7.14 crude oil multi-single line solution as of 2:00