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International oil prices continued to consolidate that week, and bulls and bears alternately dominated the market, and wait-and-see sentiment remained strong
.
On the 25th local time, Saudi Arabia's Minister of Energy, Industry and Minerals al-Falih said that Saudi Arabia's two giant oil tankers were attacked by Yemen's Houthi armed forces when they entered the waters of the Red Sea on the same day, so Saudi Arabia decided to immediately suspend oil transportation in this water area until security
is restored.
According to the U.
S.
Energy Agency, about 4.
8 million barrels of crude oil and refined products are shipped daily through the Bab el-Mandeb Strait to Europe, the United States and Asia
.
In addition, the security of crude oil supply is also challenged
by the latest statement of the Iranian side.
Iranian President Hassan Rouhani said on the 25th that Iran will resolutely resist the threat of the United States with its domestic unity
.
He even hinted that Iran could block the Strait of
Hormuz if Iranian crude oil exports were blocked.
According to Reuters, Russian Energy Minister Novak said that Russia has not used tank stocks to help increase oil production, and there are not enough stocks to affect the oil market
.
Commenting on global oil prices, Novak said markets remained volatile and reacting to
verbal intervention.
However, a report released by Baker Hughes, a US oilfield technical service company, on the 27th showed that the number of oilfield drilling in the United States this week increased by 3 from the previous week to 861.
It was the first time the data rose in nearly three weeks, indicating that U.
S.
shale oil producers had increased production
.
The news eased some of the market's worries
.
As of the close of the last trading day of the day (27th), the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $0.
92, or 1.
32%, to close at $68.
69 per barrel
.
London Brent crude futures for September delivery fell $0.
25, or 0.
34%,
to settle at $74.
29 a barrel.
International oil prices continued to consolidate that week, and bulls and bears alternately dominated the market, and wait-and-see sentiment remained strong
.
On the 25th local time, Saudi Arabia's Minister of Energy, Industry and Minerals al-Falih said that Saudi Arabia's two giant oil tankers were attacked by Yemen's Houthi armed forces when they entered the waters of the Red Sea on the same day, so Saudi Arabia decided to immediately suspend oil transportation in this water area until security
is restored.
According to the U.
S.
Energy Agency, about 4.
8 million barrels of crude oil and refined products are shipped daily through the Bab el-Mandeb Strait to Europe, the United States and Asia
.
In addition, the security of crude oil supply is also challenged
by the latest statement of the Iranian side.
Iranian President Hassan Rouhani said on the 25th that Iran will resolutely resist the threat of the United States with its domestic unity
.
He even hinted that Iran could block the Strait of
Hormuz if Iranian crude oil exports were blocked.
According to Reuters, Russian Energy Minister Novak said that Russia has not used tank stocks to help increase oil production, and there are not enough stocks to affect the oil market
.
Commenting on global oil prices, Novak said markets remained volatile and reacting to
verbal intervention.
However, a report released by Baker Hughes, a US oilfield technical service company, on the 27th showed that the number of oilfield drilling in the United States this week increased by 3 from the previous week to 861.
It was the first time the data rose in nearly three weeks, indicating that U.
S.
shale oil producers had increased production
.
The news eased some of the market's worries
.
As of the close of the last trading day of the day (27th), the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell by $0.
92, or 1.
32%, to close at $68.
69 per barrel
.
London Brent crude futures for September delivery fell $0.
25, or 0.
34%,
to settle at $74.
29 a barrel.
