Crude Oil Prices Drop as China Releases National Reserves

[Zibago]

Crude Oil Prices Drop as China Releases National Reserves

Sep 9, 2021 6:10 PM +05:00Martin Essex, MSTA, Analyst


CRUDE OIL PRICE, NEWS AND ANALYSIS:

• Crude oil prices are breaking lower on news that China has organized the release of national crude oil reserves in what it called “phases and batches in a rotating manner.”
• The move is intended to reduce the pressure on Chinese businesses from rising raw material prices.

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CRUDE OIL PRICES TUMBLE
Crude oil prices have fallen sharply on news that China has organized the release of crude oil from its national reserves in what a statement described as “phases and batches in a rotating manner”. The move is designed to alleviate the pressures from rising raw material prices on “domestic refining and chemical integration” businesses.
US CRUDE OIL PRICE CHART, 15-MINUTE TIMEFRAME (SEPTEMBER 8-9, 2021)

Source: IG (You can click on it for a larger image)
Putting national reserve crude oil on the market through open auction sales will better stabilize domestic market supply and demand, and effectively guarantee national energy security, the statement added.

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[Patriot forever]

Crude Oil Prices Drop as China Releases National Reserves

Sep 9, 2021 6:10 PM +05:00Martin Essex, MSTA, Analyst


CRUDE OIL PRICE, NEWS AND ANALYSIS:

• Crude oil prices are breaking lower on news that China has organized the release of national crude oil reserves in what it called “phases and batches in a rotating manner.”
• The move is intended to reduce the pressure on Chinese businesses from rising raw material prices.

Advertisement

CRUDE OIL PRICES TUMBLE
Crude oil prices have fallen sharply on news that China has organized the release of crude oil from its national reserves in what a statement described as “phases and batches in a rotating manner”. The move is designed to alleviate the pressures from rising raw material prices on “domestic refining and chemical integration” businesses.
US CRUDE OIL PRICE CHART, 15-MINUTE TIMEFRAME (SEPTEMBER 8-9, 2021)

Source: IG (You can click on it for a larger image)
Putting national reserve crude oil on the market through open auction sales will better stabilize domestic market supply and demand, and effectively guarantee national energy security, the statement added.

News and trade ideas

News and trade ideas

www.dailyfx.com

Just for a few hours, they recovered completely.

 

[zectech]

China should secretly buy up physical silver and gold at these prices. And put them in the secret stash.

There is no supply shortages, there is Western inflation issues. The western capitalists goal is to have high inflation for Chinese manufacturers to deal with. This is the new era of the trade war. Hurt Chinese exports with higher prices.

The strategy:

(1) High material inflation - shut down Chinese exports by too much inflation
(2) Have a dollar crisis - and a new Bretton Woods for a global currency of bitcoin
(3) Have dollars in China become worthless - dollars are worthless everywhere, not only in China
(4) China unable to buy raw materials for factories with yuan - global currency is only bitcoin
(5) Companies move to India - India new hub of manufacturing

So China should be having more supply open up around the globe to have China buy up to stockpile base metals and oil. The goal is not to release reserves of Chinese materials until real crisis of supply shortages or real high prices and not release to the market, rather released to Chinese companies directly at low prices to keep world economy going.

This is why having decades supply of metals and raw materials is vital. China has enough oil for Chinese economy in the ground and in Iran and Venezuela.

China's goal should be two economies. If usa wants to export inflation, that is usa problem, inflation economy in usa. Have China have reserves and release them to Chinese businesses at low low prices to keep the Chinese economy vibrant. That is one method of winning this trade war.

Releasing copper to the general market to get wall street prices lower is a possibly losing strategy because there is no current supply shortage. Send these reserves directly to the Chinese and have decades worth of supplies to weather out this new trade war.

Possible solution to trade war:
(1) get world suppliers to produce more, and stockpile excess, keep stockpiling until get decades worth of supply
(2) release supply when prices are too high, and sell to Chinese state owned businesses and Chinese owned companies at low prices, thus reducing Chinese manufacturing prices.

Why did I mention gold and silver, because gold is at low prices from highs of 2000 usd. And if China has enough gold stockpiled, China could possibly defeat the new bretton woods of bitcoin. If China plans things out.

And if gold gets over 2000 usd, best to release the ethereum. Get China to back the Chinese buying Ethereum (still ban bitcoin), to have a two front war on bitcoin. The cia loses their minds when bitcoin is low in "investment" vs the rest of cryptos (alt coins).

 

[applesauce]

China should secretly buy up physical silver and gold at these prices. And put them in the secret stash.

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china almost certainly has a much larger gold reserve than they let out.

china imports a lot of gold for decades, and has been the top gold producers for over a decade now. and domestic mines do not sell their gold internationally. anyway you look at the data, there is simply no way the reserves is only 1800-1900 tons, since gold goes into or is produced in the country and basically doesn't come out.