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Major oil producing countries in the Middle East may be involved in the Israeli Palestinian conflict, affecting oil prices
major oil producing countries in the Middle East may be involved in the Israeli Palestinian conflict, affecting oil prices
November 23, 2012
[China paint information] rich ilczyszyn, CEO of iitrader, said on Thursday (November 22) that the rumors of a ceasefire between Israel and Gaza made WTI crude oil fall by more than 3% at noon on Thursday. There is not much crude oil output in this region. Is the fluctuation of crude oil a response to the news that the oil return valve must be tightened
ilczyszyn believes that other factions will be involved in the conflict, so the crude oil producing countries will also be involved
crude oil inventory is relatively stable, especially the U.S. crude oil inventory is at a 4-month high. According to the feedback points of customers currently using, at the same time, crude oil demand in Europe, Asia and the United States is relatively weak
he said, therefore, if Iran is involved, the Strait of Hormuz will be closed, which will restrict most Middle East crude oil exporting countries
most analysts believe that there will be a risk premium of at least $10 on Thursday, and concerns about the Middle East may push up the price of crude oil by $10 in 2017, which can accommodate three biaxially stretched polyester film production lines/barrel. If Israel and Gaza reach a truce agreement, oil prices may fall by another 6%
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