2. The impact of non-agricultural data on crude oil prices:
The impact of non-agricultural data on crude oil prices is mainly reflected in the stage of crude oil consumption.
If the non-agricultural data is obviously better than expected, the market will generally think that the economic situation is improving, and the consumption of crude oil in both industrial and civil fields will increase. This will push up oil prices and investors will tend to buy more crude oil. After that, the price of crude oil will generally rise by 150-250 basis points.
On the contrary, the original oil price is likely to fall.