Changes in Crude Oil Supply and Demand:
Demand Side: China imposes tariffs on U.S. crude oil, raising the import cost and reducing the import volume. The United States imposes tariffs on energy imports from Canada and Mexico, affecting the crude oil exports of these two countries to the U.S., reducing the demand for crude oil in the United States and putting pressure on the price of USOIL 😟.
Supply Side: After China reduces its imports of U.S. crude oil, it increases imports from other exporting countries, changing the global crude oil supply pattern and possibly strengthening the expectation of a supply surplus. The decrease in U.S. crude oil exports may lead to an increase in domestic inventory, exerting downward pressure on the price of USOIL 😣.
💰💰💰 USOIL💰💰💰
🎯 Sell@61.0 - 61.2
🎯 TP 59.5 - 59.5
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗
The accuracy rate of our daily signals has remained above 98% within a month! 📈 We sincerely welcome you to join our channel and share in the success with us! 🌟
Demand Side: China imposes tariffs on U.S. crude oil, raising the import cost and reducing the import volume. The United States imposes tariffs on energy imports from Canada and Mexico, affecting the crude oil exports of these two countries to the U.S., reducing the demand for crude oil in the United States and putting pressure on the price of USOIL 😟.
Supply Side: After China reduces its imports of U.S. crude oil, it increases imports from other exporting countries, changing the global crude oil supply pattern and possibly strengthening the expectation of a supply surplus. The decrease in U.S. crude oil exports may lead to an increase in domestic inventory, exerting downward pressure on the price of USOIL 😣.
💰💰💰 USOIL💰💰💰
🎯 Sell@61.0 - 61.2
🎯 TP 59.5 - 59.5
Traders, if you're fond of this perspective or have your own insights regarding it, feel free to share in the comments. I'm really looking forward to reading your thoughts! 🤗
The accuracy rate of our daily signals has remained above 98% within a month! 📈 We sincerely welcome you to join our channel and share in the success with us! 🌟
Are losses and money troubles still plaguing you? 😩Join forces with me, and let the money pour into your pockets. 💸
📢Free Telegram Channel📢
t.me/+Waj4dlgUfPZjYjI0
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Are losses and money troubles still plaguing you? 😩Join forces with me, and let the money pour into your pockets. 💸
📢Free Telegram Channel📢
t.me/+Waj4dlgUfPZjYjI0
📢Free Telegram Channel📢
t.me/+Waj4dlgUfPZjYjI0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.