As Saudi Arabia raised its oil exports, and the United States is considering releasing its strategic crude oil reserves, NYMEX crude oil prices closed lower on the 27th and ended the seven-day rally. NYMEX's April light and low* crude oil prices settled down 1.1% at $108.56 a barrel.
Although the oil market temporarily stalled, but many market participants still believe that tension in Iran will not soon ease.
NYMEX's April light and low* crude oil prices settled down 1.21, or 1.1%, to $108.56 a barrel. The ICE North Sea Brent crude oil contract fell 1.49 US dollars to 123.98 US dollars a barrel, a decrease of 1.2%.
The price of oil has risen for seven consecutive trading days before triggering investors to take profits. At the same time, Lagarde said at the G20 meeting that high oil prices not only constituted a ** for developed countries, but also for all countries. In addition, Moody's pointed out that the risk of default by Greece is still high.
Standard & Poor's, the international rating agency, announced that it will downgrade the outlook for EFSF from "development" to "negative," saying that EFSF may not be able to obtain sufficient funds to support its credit rating.
Tensions between Iran and Western countries and the improvement of the US economic outlook have been considered as the main drivers of the rise in oil prices. Traders expect that concerns surrounding the Iranian issue will continue to drive crude oil prices higher.
According to a report from Dow Jones Newswires on the 27th, the latest data show that the scale of speculative investment in the oil market by hedge funds and oil companies has risen and is now approaching the record high reached after the outbreak of the Libyan civil war in 2011.
However, some analysts warned that the oil market may see a correction. Many technical indicators show that the market is overbought.
The NYMEX RBOB gasoline** contract settlement price fell 2.45 cents to 3.1278 US dollars per gallon, a decrease of 0.8%. March heating oil ** contract settlement price fell 2.95 cents to 3.2864 US dollars per gallon, a decrease of 0.9%.
PVC Wire: PVC wire, also known as PVC coated wire, refers to a type of wire that has been coated with polyvinyl chloride (PVC) material. The PVC coating provides insulation and protection to the underlying wire, making it resistant to corrosion, moisture, and abrasion. PVC wire is commonly used in various applications, including electrical wiring, fencing, and craft projects. It is available in different gauges and colors to suit specific needs.
Coated WIRE MESH: Coated wire mesh refers to a wire mesh that has been coated with a protective material to enhance its durability and resistance to environmental factors. The coating can be made of various materials, such as PVC, polyethylene, or zinc. Coated wire mesh is used in a wide range of applications, including fencing, animal enclosures, garden protection, and filtration. The coating provides added protection against corrosion, rust, and wear, increasing the lifespan of the wire mesh.
PVC Coated Galvanized Wire: PVC coated galvanized wire is a type of wire that has undergone both galvanization and PVC coating processes. Galvanization involves applying a layer of zinc to the wire to protect it from corrosion, and the PVC coating is then applied to further enhance its resistance to moisture, chemicals, and abrasion. PVC coated galvanized wire is commonly used in outdoor applications, including fencing, construction, and agricultural projects, where durability and corrosion resistance are essential.
Green PVC Coated Wire: Green PVC coated wire is a specific type of PVC coated wire that is coated with a green-colored PVC material. The green coating provides an aesthetic appeal and blends well with natural surroundings, making it a popular choice for garden fencing, plant support, and other decorative applications. The PVC coating also offers protection against corrosion and weathering, ensuring the longevity of the wire in outdoor environments.
These different types of coated wires, including PVC wire, coated wire mesh, PVC coated galvanized wire, and green PVC coated wire, offer enhanced protection, durability, and aesthetic options for various applications. The specific choice depends on the intended use, environmental conditions, and desired appearance.
Pvc Wire,Coated Wire Mesh,Pvc Coated Galvanized Wire,Green Pvc Coated Wire
Hebei Aibuer trading co., Ltd , https://www.ablewiremesh.com