Foreign media: On October 2, international oil prices fell about 2% due to concerns over oversupply. The Brent crude oil futures closed at $64.11 per barrel, and the WTI crude oil futures closed at $60.48 per barrel, both reaching a four-month low.
OPEC+ may increase production by 500,000 barrels per day in November, intensifying expectations of oversupply. In addition, global refineries reduced crude processing due to maintenance, and seasonal demand decline also drove inventory increases.
Although the United States will provide intelligence to Ukraine for targeting Russian energy infrastructure, which may affect Russian oil supply, it has not yet had a significant impact on oil prices. China's demand has also provided some support for oil prices.
Original: www.toutiao.com/article/1844929927662604/
Statement: This article represents the views of the author himself.