How is the fluctuation of crude oil price affected?

Factors affecting the price of crude oil:

1, the relationship between supply and demand (don't explain too much),

2. Macroeconomics (policies and regulations, inflation, currency exchange rate: mainly USD, interest rate, etc. )

3. International political factors (regional turmoil and disputes, wars)

4. Linkage of related markets (gold, foreign exchange (mainly USD), stocks)

5. Speculation and international hot money,

6. Psychological factors (traders' confidence in the market)

It is generally believed that the above are all these factors, and there is another view that Old Master Q said is quite incisive; There is only one thing that really affects the international crude oil price: capital. Whether the funds have entered the crude oil market or whether the funds have been withdrawn from the crude oil market. Funds can be divided into supply and demand funds, speculative funds and hedge funds. 1, supply and demand funds, is the demand, the normal demand in the market. 2, speculative funds, once the price exceeds the relationship between supply and demand, it deviates from the normal value. Or the emergence of an extraordinary fluctuation is caused by the entry and exit of supply and demand funds.