Facts such as the decline in U.S. crude oil supply and the possibility that major oil-producing countries will reach an agreement to freeze production in late September have driven up oil prices. Crude oil futures prices closed sharply higher on Thursday, rising for the sixth consecutive trading day, hitting the highest closing price in nearly two months, thus making the crude oil futures market enter a bull market.
WTI U.S. crude oil futures for September delivery on the New York Mercantile Exchange rose $1.43, or 3.1%, to close at $48.22 per barrel. Compared with the lowest price this month, WTI futures closing price on Thursday has increased by 22%, marking its return to the bull market area. Brent crude oil for October delivery on London's Intercontinental Exchange rose $1.04, or 2.1%, to close at $50.89 per barrel.
Technical aspect:
Asphalt prices continued to maintain a unilateral rise yesterday, with the highest test reaching around 4530. Asphalt prices are still rising slowly. There is no obvious negative news on the news. On the contrary, yesterday The announcement of the meeting minutes continues to give motivation to asphalt bulls. As far as the current trend is concerned, asphalt has the ability to continue to rise. It is recommended that the operation is still to buy on dips
However, since today is Friday, the market has risen continuously this week. Throughout the week, under oversold conditions, investors need to pay attention to the trends of the main force. If the main force sells today, the asphalt will decline sharply. Jin Wenjia recommends that investors should also be prepared to take risks while buying at low prices today. control.