“俄乌冲突对投资市场的重要性再度显现，”PVM Oil Associates分析师John Evans表示，“石油市场将再次陷入地缘政治跟供应之间的新一轮拉锯。”Crude oil fell, and US crude oil inventory data weakened oil prices, bringing the two-day rise to an abrupt end due to the escalation of tension.
WTI crude oil futures fell 0.7%, and the settlement price was below $69 per barrel. Earlier, oil prices rose because the Ukrainian armed forces first launched British cruise missiles at military targets in Russia, and Russia increased the threat of a nuclear counterattack. After the US Energy Information Administration (EIA) announced that US crude oil inventories increased by 0.545 million barrels and gasoline inventories increased by 2.05 million barrels last week, the rise in oil prices lost momentum
Despite this, the geopolitical situation remains remarkable. Russia said it is ready to discuss with US President-designate Trump the possibility of a cease-fire with Ukraine, which has sparked speculation about how the Russian-Ukrainian conflict will eventually end.
“The importance of the Russian-Ukrainian conflict to the investment market is once again evident,” said PVM Oil Associates analyst John Evans. “The oil market will once again fall into a new round of competition between geopolitics and supply.”
The expiration of the WTI December contract on Wednesday also caused trading fluctuations. WTI crude oil futures for January fell 0.7%, and the settlement price was $68.75 per barrel. The settlement price of December crude oil futures due on Wednesday was $68.87 per barrel, while the settlement price of Brent crude oil futures for January fell 0.7% to $72.81 per barrel.
