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原油所面临的长期基本面格局——需求不足与供应相对过剩的矛盾,对油价的影响在逐渐上升,成为主导长期油价最重要的因素。2014年的国际原油市场并不平静。上半年,国际油价小幅震荡上行,截至6月末WTI原油、Brent原油分别收于105.52美元/桶、112.40美元/桶,较年初分别上涨了约10.6%、4.2%。但下半年以来,国际油价开始自高位回落,持续下跌,且数次出现急剧下挫行情。截至11月27日,WTI原油、Brent原油分别收于68.82美元/桶、72.84美元/桶,较6月末分别下跌34.76%、35.21%,不
The long-term fundamentals faced by crude oil - the contradiction between lack of demand and relative surplus in supply, the impact on oil prices is gradually rising and has become the most important factor in dominating long-term oil prices. The international crude oil market in 2014 is not calm. In the first half of the year, the international oil prices fluctuated slightly upward. As of the end of June, WTI crude oil and Brent crude oil closed at 105.52 U.S. dollars per barrel and 112.40 U.S. dollars respectively, up by 10.6% and 4.2% respectively from the beginning of the year. However, since the second half of the year, the international oil price started to fall from a high level and continued to fall, with a sharp drop in prices on several occasions. As of November 27, WTI crude oil and Brent crude oil closed at 68.82 U.S. dollars per barrel and 72.84 U.S. dollars respectively, down 34.76 percent and 35.21 percent respectively from the end of June.