Algorithmic funds are aggressively selling crude oil, and CTA has turned net short!

After the oil price fell below a crucial level, there was a large amount of ask orders in CTA, exacerbating the downward trend of the oil price.

Golden10 Data07:44

Crude Oil Extends Declines as Markets Balk at OPEC+ Plans to End Production Cuts

WTI falls below $74.00 per barrel on increased oversupply concerns.

FXStreet03:32

OPEC+ dealt a heavy blow to the bullish market! Pessimism continues to ferment in the oil market.

Despite OPEC+'s claim to adjust production policies according to market conditions, analysts believe that the organization has already been struggling to maintain low production levels, and the fundamentals of the oil market may further deteriorate by 2025.

Golden10 DataJun 4 21:04

After the frenzy of csi commodity equity index, Wall Street continues to be bullish on resource stocks.

Wall Street is bullish on mining and energy stocks, believing that the generous shareholder returns and significant discounts relative to the market provide upward potential for these industry stocks.

wallstreetcnJun 4 20:28

OPEC+ has no choice! The dream of triple-digit oil prices is getting farther and farther away.

OPEC+ lacks the means to deal with a market that is sufficiently supplied, which is putting it in an endless cycle of production cuts.

Golden10 DataJun 4 17:32

Will OPEC+ trigger concerns over supply glut? Is the international oil price just beginning to decline?

The oil price continues to fall from the lowest level in nearly four months.

Zhitong FinanceJun 4 14:39