Jinshi Futures: supported by the crude oil hurricane, Shanghai oil rebounded in the short term
international aspect: international crude oil futures closed slightly lower on August 29, because traders were uncertain about the route, intensity and possible impact of Tropical Storm Gustav. Although Hurricane Gustav has the greatest threat to major oil production platforms and refineries in the Gulf of Mexico in recent three years, the route of the storm is still uncertain, so it failed to trigger large-scale buying. The settlement price of October light and low sulfur crude oil futures on the New York Mercantile Exchange fell 13 cents, or 0.1%, to $115.46 a barrel
enterprises and government agencies did not take any chances. Oil companies including BP, Chevron and Royal Dutch Shell have evacuated staff and reduced production before Gustav arrived. President Bush declared a state of emergency in Louisiana on Friday. The New York Mercantile Exchange and ice futures exchange will open electronic trading of oil products on Sunday, so that market participants can adjust their positions according to the latest information before Gustav lands. Electronic trading will also continue for most of Monday, labor day. Since peaking in mid July, crude oil futures on the New York Mercantile Exchange have fallen nearly $30 due to concerns that slowing demand and Saudi Arabia's production increase will drive down oil prices. Lehman Brothers said in a report on Friday that Gustav has rebounded the oil price, but once the production in the Gulf of Mexico region resumes, the rebound in oil prices, Jin Min has also developed noble, high-end material choices for high-end cosmetics packaging and wine packaging customization, and colorful spray free materials of different colors will soon end
the price of fuel oil in Huangpu market in South China fell, following the decline of crude oil futures on the New York Mercantile Exchange; Demand remains weak. Many private refineries in Shandong obtained crude oil quotas in September from major investment income oil companies in China; To curb the demand for straight run fuel oil, private refineries usually buy straight run fuel oil as raw material
today, the fuel material volume decreased, and the price fluctuated higher. The crude oil fluctuation range is actually between. Hurricanes, Russia Georgia disputes and other short-term support prices. Fuel oil main force 811 contract range. Operation suggestions: maintain the previous view and hold multiple orders
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