Probe into factors of Predicting International Crude Oil Price

Along with the continuous increase of crude oil quantity imported by our country, the international price of crude oil has become an important factor influencing the operation of China's economy. This paper, from the angle of economics, first gives an analysis that the oil prices of 15-21 USD per barrel should be the reasonable space of price. Then, the paper further analyses the non-supply-demand factors, such as futures market, petroleum stocks, weather, and influences of OPEC, which have the effects on oil prices, and tries hard to provide a basic frame for predicting the international price tendency of oil.