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中辉期货原油日报20221024:原油需求预期不佳,原油价格震荡下行

Zhonghui Futures crude Oil Daily 20221024: crude oil demand is not expected, crude oil prices fluctuate downward

FX678 Finance ·  Oct 24, 2022 17:31

Market interpretation:

Today, crude oil rose higher and fell back to close at 666.2 yuan per barrel, a decrease of 0.67%.

Message side:

Supply and demand: China imported about 9.79 million b / d of crude oil in September and 9.5 million b / d in August, but fell 2% from a year earlier to 10 million b / d in September 2001, according to data released by the General Administration of Customs on Monday. Global macro: German manufacturing PMI in October reached a 28-month low of 45.7, with an expected final value of 47.8 in September and an initial value of 48.3.

Supply side: according to the latest data from the U.S. Energy Information Administration, U.S. crude oil inventories, including strategic reserves, totaled 842.492 million barrels in the week ended October 14, 2022, down 5.289 million barrels from the previous week; U.S. commercial crude oil stocks were 437.357 million barrels, down 1.725 million barrels from the previous week; strategic crude oil stocks were 4051.35 million barrels, down 3.564 million barrels from the previous week U.S. gasoline stocks totaled 209.368 million barrels, down 114000 barrels from the previous week. Commercial crude oil stocks are 2.54% higher than the same period last year, 1.67% lower than the same period of the past five years; gasoline stocks are 3.84% lower than the same period last year, about 7.43% lower than the same period of the past five years; distillate stocks are 15.32% lower than the same period last year and 22.43% lower than the same period of the past five years.

Focus on: implementation of OPEC production reduction, conflict between Russia and Ukraine, prevention and control of domestic epidemic situation, EU energy crisis.

Trend study: the price of crude oil continues to be under pressure, and the price has a further downward trend.

Operation suggestion: short-term short positions can be built properly.

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The authorized text of Zhonghui Futures Company is forwarded by "focus on Futures account Trading and Professional Market Analysis Information website": [1 Futures]

The translation is provided by third-party software.


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