International crude oil in August fell into a trough from the peak and experienced a violent fluctuation.
The crude oil price after a interval of three months breaked $80/barrel gate and stood above $82/barrel. However, as the same as our previous forecast, the crude oil price didn t stand firm above $80/barrel. Cumbered with the numerous negative factors of commercial oil inventories in the United States reaching all time record, and economic recovery of the U.S., Japan and other major economies has slowed down to lead investors to upgrade their worry about the economic outlook, the crude oil futures had dropped over 10 dollars to $71/barrel in the next 14 days and reached a two-month low.
Although didn t stand firm, international crude oil prices in August trying to uprush $80/barrel was successful. Although the economic factors may still mixed in a short term, it is believed that the "golden Sep silver Oct" of the downstream products will bring crude oil to continue challenge the top of $80/barrel. China ChemNet forcasted that the crude oil price will go high shock in September.
The crude oil price after a interval of three months breaked $80/barrel gate and stood above $82/barrel. However, as the same as our previous forecast, the crude oil price didn t stand firm above $80/barrel. Cumbered with the numerous negative factors of commercial oil inventories in the United States reaching all time record, and economic recovery of the U.S., Japan and other major economies has slowed down to lead investors to upgrade their worry about the economic outlook, the crude oil futures had dropped over 10 dollars to $71/barrel in the next 14 days and reached a two-month low.
Although didn t stand firm, international crude oil prices in August trying to uprush $80/barrel was successful. Although the economic factors may still mixed in a short term, it is believed that the "golden Sep silver Oct" of the downstream products will bring crude oil to continue challenge the top of $80/barrel. China ChemNet forcasted that the crude oil price will go high shock in September.
