Sudden!International oil prices plunge

On the 14th local time, after the opening of the US stock market, as more funds were withdrawn from the stock market and bought the US dollar, the US dollar continued to strengthen, which caused international oil prices.In addition, the market estimates that if the Fed will increase its efforts to rate hikes this month, the real economy will gradually cool down and then suppress the demand for oil, so investors will sell crude oil futures in advance.Affected by the above factors, international oil prices have plummeted during the US transaction period.

At 21:43 on the 14th of Beijing time, the price of light crude oil futures delivered by the New Merchants Institute in August was 90.19 per barrel, a decrease of 5.31%; the price of the London Brent crude oil futures in September was reported to $ 95.01 per barrel.The decline was 4.78%.

At this point, international oil prices have fallen to the level before the Russian and Ukraine conflict.

(Source: CCTV Finance)

【Edit: Zhao Ke】

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