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Why all of a sudden burst of short OPEC protocol cancam

Why all of a sudden out of the OPEC protocol short hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Beijing time this morning to reach the OPEC production agreement, international oil prices immediately soared nearly 6%, before recovering a day because of expected Saudi OPEC could not be reached by consensus of frozen production decline, and approaching $50 a barrel. SeekingAlpha columnist Andrew Hecht said, whether analysts, oil traders or other market participants, did not expect the meeting held in OPEC in Algiers. Therefore, the sudden news instantly led to soaring oil prices, bear losses. He said: the first round of crude oil purchase, may come from the short – term over – confident speculators. Prior to this, OPEC and Russia often talk about frozen production, and ultimately fruitless, so that these bears are profitable every time. Hecht, OPEC and Russia may continue to break short, oil prices rise further, but the problem is that they just want to break short, or finally realized to promote high oil prices must depend on production. He said that this is very similar to the behavior of the Fed: in December 2015, the Federal Reserve for the first time in nine years, the interest rate hike, the future will raise interest rates for the three time. However, later published in a number of hawkish statements, the Fed’s actions have not yet. For the Fed’s reference, in February this year, NYMEX crude oil futures fell to $26.05, OPEC has been trying to push up oil prices. But the talks ended in Doha, Saudi Arabia and Iran in this formal meeting in a stalemate. So will it be different this time? Only time will tell. But one of the things that Algeria has achieved is that it is expected that the meeting will be fruitless in short positions. Hecht said, NYMEX crude oil futures bulls and bears the total positions in about 1 million 830 thousand contracts in the market level, to reach an agreement on the OPEC of the meeting is expected to be very low, there are a large number of short positions, with the OPEC agreement, these investors are also worth panic fled, oil prices will be up to $50 a barrel even test higher. OPEC countries in the local time Wednesday afternoon after an informal meeting in Algiers reached a consensus, agreed to set the output target of 3250-3300 million barrels per day range, compared with August this year, the level of 0.6%-2.1%. As for the specific details of the production, such as how long the implementation of the plan and how to reduce the allocation of production tasks, until November to decide. According to Hecht, then the market will see OPEC in the end is the real thing, or without any substantial agreement on the Federal Reserve to guide expectations just learning. Enter the Sina financial stocks] discussion相关的主题文章: