International market: At the close of eastern time on Monday (September 12), international crude oil closed up, of which WTI crude oil futures closed up 1.10% at $87.78/barrel; Brent crude oil futures closed up 1.20% at $94.00/barrel .
Market news and data summary:
On September 12, local time, U.S. stocks continued to maintain their upward momentum and closed sharply higher as investors waited for important inflation data that may provide clues on the duration and intensity of the Federal Reserve’s tightening policy.
On Sept. 8, Fed Chairman Jerome Powell confirmed that the central bank remains “firmly committed” to tackling inflation at the highest level in decades, and said it would “continue to work until the job is done.
Yesterday (September 12), according to the British “Financial Times”, when asked if Indonesia would buy oil from Russia, Indonesian President Joko Widodo said that Indonesia would consider buying oil from Russia to ease Indonesia’s energy costs. rising pressure.
Market view:
At present, the monthly difference structure of the crude oil market has risen sharply, and the cracking gap of refined oil products, which was once unimaginable in the European and American markets, has fallen sharply from a high level, indicating that the market has gradually recovered from the anxiety in the first half of the year. Unlike Europe, where natural gas prices were still at historically high levels during the energy crisis, crude oil transportation and storage are more reliable, and the supply side is more dispersed, so the oil market is more resilient to crisis situations.