PE market forecast in December Market Review January-PE, vinyl – HC Network plas
. Upstream News 1. Crude Oil News
WTI, Brent crude oil chart Overview: This month's international oil prices once again as the market experienced a roller coaster ride of stirring. Fluctuations in the trend of the market to pick heart suddenly speed up. Crude oil futures this month can be divided into three stages, sharp drop, vibration correction and fast pull-up.
12 1st, opened at the beginning of the dollar further down, and the worries of the Dubai debt decline, international oil prices extended gains on the end of, exploration slightly higher Brent crude oil a month, even the highest reported price, at 79.35 U.S. dollars, while the WTI crude oil is also high at 78.37 U.S. dollars reported. This seems to be a good start, but that is not toward the development of people is so expected, but the emergence of unexpected days back.
Starting from Dec. 2, negative factors have swept the oil futures market overall, and there is a tendency out of control. Due to report, the United States in November after the service of entropy, investors Economy State of anxiety rapid warming; also because the United States last week, government data showed crude oil inventories increased by more than expected Energy Market fundamentals remain bearish futures, crude oil inventories are still far more than the standard last year; and at the same time, traders speculated the report may make a good Federal Reserve Board (FED, Fed) than traders had expected an earlier rate hike , so the dollar is expected to push up quickly, while the dollar rose after the goods have been sold. the bad news of rising U.S. dollar overshadowed data showing the U.S. unemployment rate of; so bad for multi-international oil prices did not rebound momentum in the market continued to worry about oil stocks at a high level of demand remained weak and under pressure, 11, WTI fell below 70 U.S. dollars mark, reported to the 69.87 U.S. dollars, while Brent crude also reported that a minimum of 71.88 U.S. dollars this month. Up 14 crude oil market or in mutual, WTI 9 days straight decline, reported to the minimum of 69.51 U.S. dollars this month, while Brent crude was up 0.01 U.S. dollars are reported in 71.89 U.S. dollars.
12 15 Jun onwards, the international crude oil into a shock consolidation of the situation, or up Internet is becoming mainstream, positive and negative factors of each other lead, but failed to form a strong influencing factor, can either set floating market set Shen. Because of the expected decrease in crude oil inventories, WTI crude oil is finally over so many days of fall, rebound, at 16, the government report showed crude oil inventories last week, crude oil and distillate stocks fell more than expected, confirms the market of the previous expectations, the sharp rebound in oil prices, WTI report to 72.66 U.S. dollars, Brent reported to 73.37 U.S. dollars. But the market has not excited the occasion, the dollar rose overshadowed some good economic data affecting the market dips a little; often things are so wonderful, 18, Iranian troops to control Iraq oil, this news came out, crude oil futures and then Yang gains, it is regrettable that the impact of a stronger U.S. dollar is too strong, the market failed to maintain a rally on the 21st, still oil prices still moving down the position will perform the best out of Sasser.
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