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Guangyong Futures: U.S. crude oil hit a new high, Shanghai fuel oil successfully broke through the previous high

due to the weakness of the dollar, another round of buying pushed oil prices sharply higher in the late trading, and the settlement price of U.S. crude oil futures hit a record high of nearly $115 on Wednesday. Today, Shanghai fuel oil opened higher in the morning and broke through the previous high, reaching a maximum of 4573 yuan/ton. At the close of 0806, the contract rose 30 points, or 0.67%. The position increased by 858 hands, reaching 22156 hands, and the trading volume was 22106 hands, a slight increase over the previous trading day

in terms of news, the Secretariat of the organization of Petroleum Exporting Countries (OPEC) announced on the 16th that the average package price of crude oil under OPEC market supervision hit a new high of $105.73 per barrel on the 15th. This price is $1.71 higher than the $104.02 a barrel set on the 14th. This is also the third time that OPEC's daily average oil price has set a new record since the second quarter. After three weeks of adjustment, OPEC's daily average oil price returned to above $100 a barrel on the 7th of this month, and has been on the rise since then. Experts believe that the large-scale speculation in line with the national experimental motor gas standard caused by the continuous depreciation of the US dollar is still the main factor driving the rise in oil prices

in addition, Russia's second transmission mode cannot guarantee the synchronization of transmission. The Federal Office of National Statistics (rosstat) recently said that compared with the same period in 2007, Russia's oil production in the first quarter of this year increased by 0.2%, reaching 121 million tons. Statistics released by rosstat also showed that Russia produced 491 million tons of oil in 2007, an increase of 2.1% over 2006. At the same time, according to the statistics released by the Russian Ministry of industry and energy, the oil production of Russia's 2 leading-edge major experimental instruments and equipment in 2007 increased by 2.1% year-on-year, reaching 490.83 million tons. The Ministry of industry and energy of Russia predicts that Russia's oil production this year will increase by 1.8% over 2007 to 500 million tons, which will put pressure on oil prices

as early as 2000, U.S. crude oil hit a new high, and it is possible to continue to rise, but we also have to prevent a correction. Today, Shanghai fuel oil opened high and successfully broke through the previous high of 4546, and fell slightly after noon. In terms of operation, investors are advised to continue to maintain a cautious bullish mentality

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