Fried crude oil

Since February of this year, the performance of individual commodity industries has begun to diverge, with livestock performing the worst, down 7% year-on-year, and energy performing the best, up 7% year-to-date. No other department can get a return of mo

Barclays Commodity Research has raised its 208 and 209 Brent crude oil price estimates to $70 and $65 per barrel, respectively. Oil prices are at US$80 per barrel, and oil demand in Asia is also at a record high. This has caused Asia’s crude oil costs to

Brad, chairman of the Federal Reserve Bank of St. Louis, holds a similar view. He believes that rising oil prices will trigger more investment in the energy industry to offset other losses. This will also encourage US crude oil production. The big shocks

Last week, hedge funds and other fund managers reduced their long positions in Brent and WTI crude oil by a total of 10,000 lots to 80,000 lots. This was the largest weekly reduction since August last year and also since September last year. Minimum risk

The International Energy Agency pointed out that since May, global oil production has increased by 400,000 barrels per day, which helped the average daily growth rate of oil inventories reach 500,000 barrels in the second quarter, which may still be the c