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Institutional analysis: Adverse factors increased, crude oil futures continued to decline

 Last Update: 2023-03-19
 Source: Internet
 Author: User

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Coronavirus infections are on the rise in the United States and Europe, and authorities are working to contain the spread
of the Omicron variant.
Some countries have already restricted air travel, and further lockdowns restricting the movement of people could weaken demand
for crude oil and petroleum products.
With the holidays approaching, there are more and more headwinds in the crude oil market, and reduced liquidity may exacerbate price volatility
.
There are signs that oil demand in Asia is weakening, while central banks are turning to tightening monetary policy in an attempt to curb rising inflation
.
U.
S.
and Burundian oil futures fell more than 2%
during the day.

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