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On Monday, it was mainly suppressed by concerns about global oversupply, OPEC's monthly crude oil production hit a record high, the number of monthly active oil drilling rigs in the United States increased by one, the largest monthly increase since 2009, Saudi Arabia lowered the price of Asian crude oil, and The near-term outlook for crude oil demand faces uncertainty as oil prices continue to slide toward bear market troughs.
As of the close, crude oil prices fell by .%, closing at .USD/barrel, setting a low closing price in three months. Brent crude oil fell by .%, closing at .USD/barrel, while natural gas prices fell by .cent. , closing at .USD/million British thermal units, a decrease of .%. In fact, crude oil prices have fallen by .% from the weekly high of .USD/barrel hit at the beginning of the month. Typically, a bear market is defined as a price decline of % or more from the most recent high

Furthermore, in intraday trading on Monday,
crude oil prices briefly fell below the psychologically key level of
USD/
barrel
but then pared their previous losses. .
Hunan Weide Trading Center’s long-term investment agent free account opening consultation hotline
&QQ
Contact: Mr. Zhang