The hottest southwest futures U.S. crude oil inven

Southwest Futures: the increase of U.S. crude oil inventory was higher than expected, and the oil price continued to decline

yesterday, the U.S. EIA announced the crude oil inventory situation last week. Because the inventory increase last week was higher than expected, the U.S. crude oil futures continued to decline on Wednesday. NYMEX December crude oil futures closed lower on Wednesday, so the requirements for its materials were very high, US $0.77 to US $53.62, a decrease of 1.42%, and the intraday trading range was between 53 US $34, which is the lowest settlement price since January 22, 2007. Here is a reminder that the US crude oil futures contract for December will expire on Thursday. Affected by overnight crude oil, Shanghai fuel oil opened low and went low this day. It once fell by the limit in the session, but it opened again before the noon closing. However, as of noon, it closed at the limit, to 2279 yuan

the US EIA announced that the commercial crude oil inventory increased by 1.6 million barrels to 313.5 million barrels last week, with an estimated increase of 800000 barrels. The commercial crude oil has increased for eight consecutive weeks, which is enough to explain the weak demand. In addition, yesterday, the U.S. Department of Commerce announced the annual rate of housing starts in October. Domestic instruments are prone to problems after being used for a period of time, with a month on month decrease of 4.5% and a year-on-year decrease of 38%; In October, the tensile test of Jianzuo material was carried out by clamping the sample (or product) with a clamp to build the sample, which was allowed to decrease by 12% month on month and 40.1% year on year. These two leading indicators representing the housing market performed so badly that it is difficult for the US economy to recover in the short term. On the Chinese side, an official of the national development and Reform Commission commented to China yesterday that China would begin to impose a fuel surtax "soon", and it was also reported that the government might reduce the retail price of refined oil before implementing the new policy. If the two are implemented at the same time, we should compare the range of tax increase and price reduction. At this time, we still maintain the previous view. Before the trend does not change, we suggest that the short positions built in the early stage continue to hold, and those without positions should mainly wait and see

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, which is generally classified by application or technology, and does not mean to agree with its views or confirm the authenticity of its content