Latest price of crude oil (March 8): 564.7 RMB/barrel

Key points of analysis: international crude oil futures fell sharply overnight. The settlement price of the main contract of US WTI crude oil futures was US $77.58/barrel, down US $2.88 or 3.6%. The settlement price of the main contract of Brent crude oil futures was US $83.29/barrel, down US $2.89 or 3.4%. Within 8 days, the INE market was dragged down, and the main contract of SC crude oil closed at 546.7 RMB/barrel, down 2.28. This was mainly due to the hawkish attitude of the Federal Reserve, which triggered the market's concern about the radical interest rate increase, and the pressure on oil prices caused by the strength of the US dollar.

Aftermarket forecast: In the short term, there will be a bearish disturbance exacerbated by the Fed's concern about raising interest rates, and a stronger dollar will bring pressure on oil prices. The upward momentum of crude oil will face obvious resistance. In the medium and long term, the optimistic expectation of demand recovery is still playing a role. The upswing of the remote oil market is a high probability event. However, in the near future, we need to pay attention to the EIA data and the further trend of the Federal Reserve.

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