Why Do Oil Prices Fluctuate So Much? 3 Key Reasons
@寇健:
CME group special commentator Kou JianIn 2023, WTI crude oil price fluctuated in a zigzag shape for a whole year between US $63 and US $95 under the influence of various factors. Before we bid farewell to 2023 and usher in 2024, what factors should we pay special attention to in crude oil trading?1. The relationship between supply and demand, especially the domestic demand for crude oil and the import volume.Domestic demand for crude oil has been in a slow downward trend after setting an all-time high of 10,000,000 barrels a day in 2021 (Figure 1). Is the rapid development of renewable new energy in China in recent years the real end of the demand for crude oil? At present, we can't draw a conclusion too early, so paying close attention to the domestic crude oil import volume in 2024 is an