The trend of oil prices from the end of 2020 to the beginning of 2021 is very similar to the trend from the end of 2017 to the end of 2018.
From the perspective of news, the main driving force now supporting the rise of oil prices: the biggest driving force-Saudi Arabia's production cut;
secondly, the continuous spread of vaccine research and development news and the 1.9 trillion US dollar economic stimulus plan after Biden came to power are also the key to boosting the trend of crude oil prices.
Good. In addition, although the direct impact of the US air strikes on Syria is not great, the existence of geopolitical problems in the later period is also an important positive factor to boost oil prices.
However, the current biggest negative factor-insufficient demand caused by the global epidemic is still the biggest obstacle to the continued rise of oil prices.
