According to Jinshi Futures on August 27, the recent news of the Federal Reserve sending out interest rate cut signals, escalating tensions between Israel and Hezbollah, and the cessation of oil production in eastern Libya have combined to provide positive support to the oil market.
Crude oil prices have risen for three consecutive days, with a cumulative increase of more than $5 per barrel, an increase of more than 7%. At present, the market's concerns about the economy and demand are prone to recurrence. The market will continue to pay attention to Libya's oil output and the development of geopolitical situation, and weigh the future prospects of the oil market.
Crude oil prices are expected to stagnate and consolidate, and high volatility will continue.
