International oil prices rose to a 14-year high

On March 7, international oil prices surged more than 10%, hitting their highest level
since 2008.
As of 18:50 Beijing time on the 7th, Brent crude oil rose to 125.
67 US dollars / barrel, and US crude oil rose to 123.
49 US dollars / barrel, rising to 6.
75% and 6.
40%
respectively.
During the day on March 7, many varieties of energy sectors in the domestic futures market were red, among which crude oil main link, fuel oil main link, low-sulfur fuel oil main contract and other contracts rose to the limit, LPG main contract rose by more than 6%.

Donghai Futures said that the current supply risk in the international market has broken out in a concentrated manner, and the main contradiction point in the crude oil market has quickly shifted from the weak demand concern in the early stage to the supply crunch
that may be triggered by supply risks.
Coupled with the recent external situation, it is also raising supply risks, and this risk will continue, and short-term oil prices will remain high
.

Yang An, an analyst at Haitong Futures, said that through the analysis of data by the International Energy Agency, Russia is one of the world's third largest oil producers, second only to the United States and Saudi Arabia
.
In January 2022, the total production of Russian oil (including crude oil, condensate, natural gas liquid and other oil products, the same below) was 11.
3 million barrels per day, of which crude oil production was 10 million barrels per day, condensate 960,000 barrels per day, and natural gas liquid 340,000 barrels per day
.
The United States produces a total of 17.
6 million barrels per day, while Saudi Arabia produces 12 million barrels per day
.

In terms of OPEC+, which the market has high hopes for, OPEC+ said that it will not further increase crude oil supply, and OPEC+ will increase crude oil production
by 400,000 barrels per month according to the original plan.

Yang An said that the current tight supply-side expectation is a consensus, and oil prices are relatively easy to rise and fall
.
For customers in the crude oil industry, it is necessary to strengthen risk management and control and avoid exposure risks
as much as possible.
In this stage of extreme volatility driven by emotions, it is recommended that the first thing investors do is to do a good job of risk management, and then carefully choose trading opportunities
under this premise.

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New York gold rushed to the $2,000 mark

Affected by risk aversion, in early Asian trading on the 7th, New York gold futures once stood at $2,000 / oz, and rose 1.
75%
during the day.
As of 18:13 Beijing time, New York Gold Master rose 1.
82% to $2002.
4 an ounce
.
At the same time, gold-backed ETF holdings entered the stage of increasing positions
.
As of the 4th, the world's largest gold-backed ETF held 1050.
22 tons, an increase of 4.
06 tons
from the previous session.
In January, gold-backed ETF holdings were below
1,000 tonnes.
The reporter noted that A-share gold stocks strengthened, and as of the close of trading on the 7th, the precious metals sector rose by more than 2%.

For the gold market, the industry generally believes that the price of gold may remain high and volatile
.
Soochow Futures said that in the short and medium term, gold prices maintained a high and wide range of volatility amid the contradiction between rising inflation expectations, Fed tightening policy, and safe-haven demand
.
In the short term
, the trend is stronger due to external influences.

Donghai Futures believes that from a long-term perspective, precious metals are suitable for maintaining more ideas, but in the short term, external uncertainties are still strong, and market fluctuations need to be cautious
.