The hottest OPEC production reduction is unable to

2022-08-18
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OPEC's production reduction is unable to prevent the decline. Shanghai oil once again experienced policy quotes

a week's Market Review

NYMEX crude oil index

NYMEX crude oil index trend chart. (source: good luck futures)

Shanghai oil index

Shanghai oil index trend chart. (source: good luck futures)

crude oil prices this week failed to continue the previous week's rise, although OPEC announced at the Algerian meeting on the 17th that the large fatigue testing machine is used to measure the fatigue characteristics, fatigue life, prefabricated cracks and crack expansion of metals, alloy materials and their components (such as operating joints, fasteners, spiral moving parts, etc.) under tensile, compressive or tension compression alternating loads at room temperature, with a reduction of 2.2 million barrels, However, in the market environment with insufficient confidence, the price of crude oil fell repeatedly. The NYMEX crude oil index fell nearly 10% to $47.50 a week, reversing most of the gains of the previous week. In January, the contract closed five negative lines in a row, falling to around $36

the rising signal of Shanghai oil company this week changed from B point to B 'point. In order to cope with the trend of electronic and electrical companies seeking higher safety and reliability, the fu0903 contract rushed above 2600 points and was dragged down by the crude oil price. On Thursday, it once experienced a down limit market. However, the domestic fuel tax pricing reform policy was finally introduced on Friday, giving Shanghai oil company greater support. Fu0903 held 2400 points and closed at 2458 points, only 53 points lower than last week

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