Specific data show that the number of initial claims for unemployment benefits in the United States as of June 2 increased by 220,000, which was less than the expected increase of 250,000. The unexpected drop in the number of initial jobless claims in the

The U.S. Energy Information Administration EIA said last week that the U.S. has surpassed Russia and Saudi Arabia in crude oil production and has become the worlds largest crude oil producer. In August this year, Russia produced an average of 0.8 million

Fitch stated that the long-term price forecast for 2020 will remain unchanged. Brent crude oil is US$55 and WTI is US$55, reflecting the agency’s view that U.S. shale oil companies are still marginal crude oil producers, as well as U.S. production. The in

The well-known financial blog site Zerohedege commented that although geopolitical risks seem to be dissipating, WTI crude oil and RBOB gasoline futures rebounded today, supported by OPEC’s possible extension of its production reduction agreement, and ros

As of 8:4 Beijing time, spot crude oil prices rose slightly by US$0.28, and oil prices rose by 0.4% to US$6 per barrel. As shown in the figure, crude oil prices fluctuated sharply above US$67, but did not fall below this key support. This may indicate tha