This is the second round of sanctions announced by the United States on Iran within a week. US President Trump announced on the 8th of this month that the United States would withdraw from the Iran nuclear agreement and restart sanctions against Iran that

In addition, the issue of the US government’s shutdown is at a heated stage. Trump and the US Congress continue to clash over whether the border wall budget is approved. In other words, although next week is the Christmas holiday, black swans are more lik

As a result, cheap U.S. crude oil makes it particularly attractive to overseas buyers. The price difference between WTI and Brent crude oil is $8/barrel enough to cover the transportation cost of American oil to Asia. After reaching a record high of nearl

As international oil prices continue to rise, many petrochemical people have found that WTI is much cheaper than Brent. This has given many petrochemical companies, including Sinopec, an opportunity. Sinopec’s Sinopec’s Sinopec has already purchased some…

And the crude oil trend that opened on Monday did show a further downward trend. I thought the market would try to hit the 70-line support on Monday, but thanks to the positive help brought by the OPEC monthly report, crude oil once again showed a strong