Domestic and foreign crude oil has been rising for nearly two weeks. Has the bull market started?
2024-06-19 23:50:17
Golden Ten Futures, June 20th, under the influence of the escalation of geopolitical conflicts and the Federal Reserve's interest rate cut statement, domestic and foreign crude oil prices have been rising for nearly two weeks. Looking at the market outlook, < br > 1. < b > Guohailiangshi Futures : Overall, in the context of maintaining contraction in supply in the third quarter and maintaining destocking expectations on the global crude oil balance sheet, < b > there is a high probability that the resonance between the disk and the near-end monthly difference will rise in the future , but the rhythm of the market start is controlled, depending on when there is a significant improvement in the gasoline end. < br > 2. < b > Haitong Futures : In the past period of time, the crude oil market as a whole has shown a continuous accumulation of reserves. There is oversupply pressure in the crude oil market, so the market needs OPEC + to continue production cuts to ease the pressure on inventory accumulation. At present, OPEC + voluntary production cuts have been confirmed to be extended to the third quarter. Next, the market will pay attention to whether demand can improve as expected in the traditional peak consumption season. In addition, OPEC + will further delay the plan to gradually withdraw production cuts in October, which is very critical to the impact of oil price assessment and is also the focus of the market in the second half of the year.
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