This year, when the United States proposed a new tariff policy, the International Energy Agency pointed out that there were signs of pCrude oil contract month symbolrotectionism in the United States. This is a risk for forecasting oil demand, which increases the possibility of a global trade war. The slowdown in global trade will have serious consequences, especially for oil.

During the month, Saudi officials said that Saudi Arabia’s National Petroleum Corporation plans to cut its April oil supply to 650,000 barrels lower than customer requirements. It also plans to reduce the average daily oil production in April to below 0 million barrels, which is lower than the production reduction target of 0 million barrels.

In addition, US President Trump will also participate in the G20 meeting next week. With the continued increase in US crude oil inventories and Trump's support for low oil prices, will Trump continue to speak up and make crude oil prices suffer from the black swan market?

The people who win the most cards in the game are not those who have good hands, but those who know how to leave the table in time. This sentence is the same in the crude oil investment market. No matter how the non-agricultural influence is big, it will eventually be a short wave of market. From a short time before the data is released, the emotional conflict between the long and the short in the market has gradually become fierce. The conflict reached its peak at the time of the announcement. Loss is commonplace. Heroes and heroes will never be too in love with battle, it is wise to stop profit when appropriate.

From the end of 0 to the 20th of June, the international oil price dropped by 0% cumulatively, of which there were two consecutive declines. After June 20, international oil prices rose for one or two days, but then began to fall again, with a daily decline of 7%. On Friday, 2nd, international oil prices plummeted again. The decline of WTI crude oil expanded to 7% and fell below the US$5 mark; the drop of oil distribution once expanded to 5% and fell below the US$60 mark; the main crude oil futures contract fell by the limit, falling by 5 %.

So far this month, Brent oil prices have risen 4%. Last week, oil prices reached a peak of US$709/barrel, the highest levCrude oil contract month symbolel since the end of 204, due to increasing tensions in the Middle East, the United States may impose sanctions on Iran again, and Venezuela's oil production decline. In Venezuela, the economic crisis has pushed oil production down to multi-year lows.

On June 1st, the discount of US WTI futures to Brent crude oil futures was at $09 per barrel, the widest discount in more than three years. Not only is there an abnormally high discount on recent month futures, the discount on Brent crude oil for WTI futures delivered six months later also hit the widest level since September 204, at US$7 per barrel.

In the early Asian market on February 26, crude oil hit a high point since February 2 at 565 after a small spike, and began to close slightly negatively, but still remained above the key price of $54/barrel. Since the market is relatively light during the Christmas holidays, it may maintain a narrow range for a short time.

Even if you want to wait a little longer, but because of the concept of being safe for fear of losing money and falling pockets, the trend is moving forward in twists and turns. Retracement is commonplace. This kind of frightened mentality cannot withstand the threat of retreat. The hurried stop profit is often the most unfavorable position to minimize the profit.