CICC Wealth Futures: The turnaround in Middle Eastern geopolitical situation causes crude oil prices to fall, shipping prices come under pressure

Consolidated European line futures market intraday volatility trend follows market sentiment changes. Currently, the Middle East geopolitical situation has shown new “turning points,” with crude oil prices leading a sharp decline, and the spillover effects suppress shipping prices, which will weaken the shipping companies’ ability to maintain prices. The April contract has entered the delivery cycle; it is recommended to monitor the basis convergence and the price difference changes between nearby and distant months. (CICC Wealth Futures)

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