The hottest rebound in oil prices has been hit rep

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The rebound in oil prices has been hit repeatedly. Goldman Sachs predicts that the commodity bull market will see next year

after four months, the recent rebound in international oil prices has encountered heavy resistance. Because of the sudden outbreak of swine flu, oil prices have continued to fall in the past two days. Yesterday's news that Citigroup and Bank of America may need to replenish capital further aggravated investors' concerns about the financial industry 6 is to strictly control project construction and the protracted economic recession. Many analysts predict that judging from the current environment, the average level of oil prices this year may not be much higher than the current level. Goldman Sachs, an investment bank, released its latest report saying that commodity investment is expected to achieve high returns in the next two years

crude oil futures in New York fell for two consecutive days

at the close of the 27th, the price of crude oil futures in June on the New York Mercantile Exchange fell $1.41, or 2.74%, to $50.14 a barrel, which became a new bright spot to promote the development of the non-ferrous metal industry, and most of the gains on Friday. The price of Brent crude oil futures for June delivery on the London International Petroleum Exchange fell $1.35 to close at $51.67 a barrel

analysts said that after the outbreak of swine flu, the market was worried that the continued spread of the epidemic might have a negative impact on crude oil demand. At the same time, the strength of the US dollar caused by risk aversion factors also posed pressure on crude oil futures

with the global economy still in the deepest recession since World War II, the outbreak of swine flu will undoubtedly only add variables and further delay the pace of economic recovery, which is generally unfavorable to the demand for crude oil and other bulk commodities

analysts at MF global said that the swine flu epidemic may hinder the process of global economic recovery, leading to a dominant selling position in the market. Investors once began to think that the most difficult moment of the economic crisis may have passed, but the swine flu epidemic temporarily dispelled this optimistic idea. In addition, investors are also worried that the aviation and tourism industry will be seriously affected and the demand for aviation fuel will fall as passengers reduce their travel due to the spread of the epidemic

in addition, the swine flu epidemic increased investors' risk aversion, and the strengthening of the US dollar also partially led to the decline in the price of crude oil denominated in US dollars. 27th New York market, USD 3 The experimental error meets the national standard, and the relative price of most major currencies generally rises

oil prices continued to fall in Asia yesterday. Although the oil price basically stabilized at the beginning of the session, as more bad news came from the U.S. banking industry, investors' expectations of economic recovery turned pessimistic, and the oil price also accelerated to fall

as of 14:38 yesterday, Beijing time, crude oil futures in June were reported at $48.92 in electronic trading, down 2.3%. Previously, Wall Street disclosed that the U.S. regulators had informed Citigroup and Bank of America that according to the latest completed stress test results, the two banking giants still need to further supplement their capital. This report once again dashed investors' hopes of bottoming out in the U.S. banking industry and triggered a new round of sharp falls in stock and commodity prices

the average oil price this year is $51

before the recent stalemate, oil prices experienced a sustained rebound for more than a month, and successfully recovered the $50 round mark at the end of March, the first time since the end of November last year. However, after that, the oil price fell into a "cowhide" situation for nearly a month, and continued to fluctuate around $50

the latest survey shows that investors are more optimistic about the trend of oil prices this year than during the worst period of the economic recession a few months ago, but the overall expectation seems to be still near the current price

a survey released by Thomson Reuters on Monday showed that the industry expected the average price of U.S. crude oil futures in 2009 to be about $51 a barrel. This is the first increase in the median estimate of oil prices by analysts since July 2008

more than 30 analysts interviewed estimated that the average oil price in 2009 was $50.85, higher than the estimated value of $49.73 at the time of the March survey. As early as July 2008, when Lehman was not bankrupt, analysts had expected the average oil price in 2009 to be $115.77

Blanche, head of global commodity research at Bank of America, said that he believed that the change in oil price estimates suggested that the oil market was at the bottom. The market was now stabilizing and trying to find the bottom price range, and it seemed that this process had been completed

although some of the latest negative news, including swine flu, has hit oil market sentiment, OPEC's previous record production cuts and countries' efforts to vigorously stimulate the economy have helped push up oil prices. Compared with September 2008, OPEC's daily crude oil production ceiling has been reduced by 4.2 million barrels, a decrease equivalent to 5% of global daily demand. The implementation of OPEC members' production reduction this time is far more than in the past, and countries have reached 80% of the production reduction target

however, the current price level does not seem to be satisfactory to OPEC. OPEC Secretary General Badri said last Sunday that the oil price of $50 per barrel is too low for OPEC oil producing countries. The development of composite materials will certainly affect and promote technological progress in relevant fields to ensure normal production investment. He urged non OPEC countries, including Russia, to reduce production to help boost prices

Goldman Sachs said that another important reason for the limited recent rise in oil prices in the bull market next year is the weak supply and demand fundamentals. For example, the crude oil inventory in the United States has been increasing recently, which has increased for seven consecutive weeks, rewriting a 19 year high

most industry analysts believe that oil prices will not rise significantly until 2010 at least, and that global economic recovery will also be needed at that time. Analysts currently estimate that the average crude oil price in the United States was about $66 in 2010 and $80 in 2011

the analyst of Daiwa research believes that the oil price will not deviate far from the current price in the short term, but he is optimistic that the oil price will rise in the second half of the year. Siminsky, a well-known analyst at Deutsche Bank, said that the world economy will recover in 2010, but the range is not large; By 2011, the global economic growth rate should return to the long-term trend of nearly 3.5%, and the decline in oil supply may accelerate, which is expected to drive the oil price to rebound to $80

Goldman Sachs, a commodity market giant, said on Monday that it is expected that commodity investment can achieve high returns in 2010, because the economic recession will be replaced by new economic growth. Goldman Sachs said that for investors, the second half of this year will be a good time to enter the commodity market, but the return on investment is still facing the risk of continued economic recession

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