And in OPEC's production increase, Saudi Arabia contributed the most, reaching 540,000 barrels per day. The other major production increase countries are Iraq, Kuwait and the UAE. Due to the impact of US sanctions, Iran’s September crude oil production decreased by 60,000 barrels peLLS crude oil spot pricer day from May.
According to the “Guardian” report on the 6th, the Trump team was exposed as a sly trick to withdraw from the Iran nuclear agreement. According to the report, the Trump team hired Israeli civilian intelligence organizations to discredit the agreement by throwing dirty water on important officials who participated in the negotiation of the Iranian nuclear agreement during Obama's time, giving the United States more excuses to withdraw.
Then crude oil fell all the way to the U.S. dollar like a parachute, showing that the market is very fragile, unpredictable and easily manipulated. Cramer pointed out that the sharp rise and fall of crude oil during the financial crisis seems to be pure price manipulation, lack of selling when crude oil soars.
The Caspian Sea is the world's largest inland water body, rich in oil and gas resources, and was once the boundary lake between the Soviet Union and Iran. After the disintegration of the Soviet Union, disputes over whether the Caspian Sea was a sea or a lake continued. The five coastal countries negotiated on the legal status of the Caspian Sea for about 22 years. There are 50 billion barrels of exploitable oil fields and 00 trillion cubic meters of natural gas under the Caspian Sea.
Perhaps this year's forecast of crude oil prices entering 80-90 US dollars is not impossible. Under the circumstances of the long-short turmoil in the crude oil market in July, it is worth seeing whether the trend of crude oil will choose to rise or fall.
In addition, Saturday also needs to pay attention to the number of active oil drilling rigs announced by the US oil servicLLS crude oil spot pricee company Baker Hughes in the week to April 20. The number of active oil wells in the United States increased by 7 to 85 last week. In the past two weeks, there have been 0 weeks of growth, which is a new high since 205 months.