Such as five working days from November 17 to November 22, NYMEX crude oil futures contract from $ 103.37, almost four months down to around $ 98, on the surface of the interpretation of European debt problems caused investors to flee risk assets, but the microscopic point of view, this wave of the promoter of the management of the Fund substantially reduce long positions. This America plate of crude oil during the fund net long positions fell to 157 000 hand, 9.3 percent less than a drama. Week from October 11th to December 6th week, the crude oil of U.S. plate pick-up from $ 76 to $ 100, of the crude oil futures fund net long during from 121,000 on hand rose to 156,000 hand.
International crude oil market is active in a huge number of short-term speculators, and many of the investment management fund in commodities, changes in the positions of these funds has increasingly become the benchmark of oil prices. Experts have pointed out, America plate of crude oil on Wednesday, amazing hop probably is thanks to these funds bulls taking the gift, because their operations are often used to program trading, once the drop in oil prices to a preset point, and often lead to large-scale long automatically cut positions, and thus lead to increased market volatility. Instead, oil prices will boost by the Fund.
Even the Organization of the Petroleum Exporting Countries (OPEC) also pointed out that global oil demand next year will be slightly increased, but the increase was part of the material offset by an increase in non-OPEC supply World Pipe network informed. The organization's 2012 global oil demand is expected to average 30 million barrels a day, which means that inventory is not expected to reduce such as the United States and some stocks are more countries.
Iran Straits blockade, "said the rumors, coupled with the market for the European recession, demand for crude oil fell to worry about the strengthening of the NYMEX crude oil futures Wednesday appear single-day decline in three months, down more than 5 percent to $ 95 below $. During this period, speculative funds rushed to open a direct killer of oil prices.
Industry insiders say, and demand what would have been conducive to the supply pressure of rising oil prices seems to have face lifted. The outbreak of local wars in the Middle East and North Africa, Iraq, Libya and other important oil-producing countriesWorld Steel Pipe , has restored part of the crude oil production. And during the interrupt crude oil exports in these countries, and many other OPEC members, a corresponding increase in crude oil production, seriously offset by the war-torn country on the crude oil market. The focus of the recent market speculation - Iran exercises a hasty end, crude oil are also facing supply to restore the contrary, lack of demand, commodity funds market outlook will probably reverse the operating direction of the next year, international crude oil market may will bear state & rdquo ; start.
Of course, the macroeconomic factors is an important indicator of the fund operating. Such as the three-fund Jiancang the crude oil bulls this week is based on the euro against the U.S. dollar fell to a low of 11 months. On the one hand, the international commodities, including crude oil is priced in dollars, the weakness of the euro, the dollar's relative strength, speculators quickly withdraw from crude oil. The euro continued to decline, on the other hand, the continuing debt crisis in Europe deepened market concerns about the European economy is in full recession, the European economic recession will cut industrial demand for crude oil, coupled with the United States and other big consumers of crude oil inventories increased demand in the doldrums factors, the recent oil price does not seem to be the fund optimistic.
These hidden behind crude oil and other commodities of large funds and speculators, like the legendary achievements the Warlock day Feixianguan "God, about the ups and downs of oil prices. The past two months, the market has repeatedly seen this chase sell into the "God".