What is the difference between Brent crude oil and WTI crude oil
Recently, a friend asked me what is the difference between Brent crude oil and WTI crude oil. Today, I will make a special post to talk about it. Of course, a large part of the main content is written with reference to regular media sources.At present, there are two mainstream crude oil futures Contract in the market: one is WTI contract $WTI Crude Oil - main 2305(CLmain)$ , and the other is Brent crude oil contract $Brent Last Day Financial - main 2306(BZmain)$ .However, the actual name of the current Brent crude oil contract is called Brent crude Oil Cash Contract, which is a contract under Chicago Mercantile Exchange Group. Unlike the Brent crude oil contract that can be traded on the European
US Dollar Index (DXY) Has Peaked Or Not? They Say...
There are too many factors supporting the rise of the US dollar index at present:1. The Fed increased the fund rates expectation and strenthened its determination to fight inflation, which keeps rising. There may be more interest rate hikes in the future to put pressure on the economy and inflation,2. The dollar is tied to energy, which makes the purchasing power of the dollar appreciate. Energy prices fluctuated at a high level, and the United States also became a major energy exporter. After Russian energy was excluded from the European and American trade system, the United States became the largest energy provider in Europe.3. Dollar is a safe asset. The world is chang
OPEC + June meeting is coming: Will the target price of oil be 130 ?
After entering 2022, due to the recovery of energy demand and the influence of geopolitics, the global energy supply crisis continues to deepen.In this context, OPEC + has become the focus of market attention, and its member countries include a large number of oil suppliers such as Saudi Arabia, Russia, United Arab Emirates and Iraq. Although in recent months, the call for OPEC + to increase production to alleviate the shortage of supply has become louder and louder, OPEC + still adheres to the production agreement reached by the organization since 2020.According to the subsequent version of the agreement reached in 2021, OPEC + member countries will increase the total production by 430,000 barrels per day per month.However, from the actual implementation situation, the recovery rate of OP
When most people are paying attention to the sharp rise and fall of US stocks, have you noticed that crude oil has quietly broken through the previous correction range? More interestingly, Warren Buffett has been bargain-hunting oil-related stocks recently. In early May, Mr. Buffett bought another 5.9 million shares of Occidental Petroleum Corp. in two trading days, according to the latest data. Since the end of February, Buffett has repeatedly increased his holdings of Western oil companies. According to documents previously disclosed by the SEC, Berkshire bought 18.1 million shares of Western Oil Company, worth nearly $1 billion, in the three days from March 14 to March 16 alone. Moreover, Buffett himself said at the shareholders' meeting that within two weeks from the end of Februa
A great way to hedge against weakening China`s YUAN.
Foreign exchange futures has come, and they are very, very useful USD/RMB futures $Mini HKEX USD/CNH - main 2205(MCNHmain)$ If you have been involved in foreign exchange trading for a long time, you will not be unfamiliar with the currency pair between US dollar and YUAN. Due to some well-known reasons, the US dollar has risen recently, while the YUAN exchange rate has fallen. The trend of the dollar/yuan exchange rate is as follows: You will find that the US dollar index and the futures trend of US dollar against YUAN are the same, and they are all rising. Do you feel strange? In fact, it is not surprising that with the value of US dollars is increasing, One dollar can be exchanged for more yu
Natural gas has broken 7, Will the gas prices keep rising
It has been more than half a year since I shared the post of singing more natural gas last time. After a big shock, the US natural gas futures price has just broken 5 from the original, and has come to the position of more than 7 dollars When it comes to the reason why American natural gas prices keep breaking new highs, this is of course related to the current inextricable Ukrainian-Russian war. On the one hand, the intensification of military conflict will certainly bring upward stimulus pressure to energy prices. On the other hand, Due to the sanctions imposed on Russia by Europe, America and other countries and some countries in the Asia-Pacific region, It is difficult for energy products to be transported to all parts of Europe as before, which leads to global gas shortage and oil sh
Why did natural gas suddenly soar last week? Can oil still rise after plummeting?
Energy price has been stongly connect to the Ukrainian-Russian War, while there are more other issues like supply, demind, policy involved also. In a word, the prices of crude oil and natural gas experienced great shocks in Q1 of 2022. Let's roughly sort out which forces are related to energy prices: First of all, in the United States, soaring energy prices will affect the domestic price index of the United States and make CPI rise. Therefore, both the Federal Reserve and Biden administration hope that energy prices can be lowered, especially oil prices, because oil is the most widely used. Secondly, the rise in natural gas prices will indirectly lead to soaring inflation. Secondly, Russia has always been a big energy exporte
Today, there was a big counterattack between A shares and Hong Kong stocks. Everyone knows the reasons. Our government issued the latest news, and it seems that the bottom of the policy is approaching. For the specific content, you can look at the news by yourself,: Finance Committee of the State Council! The stock market soared! What are the heavy information points? This news seems to be a response to the downgrade of 28 Chinese stocks by JP Morgan a few days ago, and before that, Morgan Stanley said seriously that the geographical and regulatory risks of China were rising. Wall Street slashed the rating of China Stocks! What happened here? ! So the question now is, after the violent rebound exceeds
TWO BIG data will soon be released this week,How much can NASDAQ go up?
With two big data coming out this week and a number of importantofficials‘ speak , it is hard to say that the market volatility will stop. Two heavy data announcementsWednesday 21:30 US December CPI (market expectation: 6.80%; Previous value: 7.10%) U.S. inflation will hit a staggering 7.1 pc in December, the fastest pace in 40 years, according to Wall Street economists, while another Wall Street report will show prices paid to producers have soared by nearly 10 pc in 2021. At present, Wall Street has formed a consensus expectation-raising interest rates in March. However, if the inflation data exceeds market expectations, the market may raise the expectation that the Federal Reserve will raise interest rates four times next year from Wednesday. Friday 21:30 US retail sales for December (m