Libya's largest oil field shut down, IMF lowered global economic growth forecast, international oil prices fluctuated downward

Recently, Libya's largest oil field was shut down, and the International Monetary Fund (IMF) cut its global economic growth forecast
.
Affected by long and short factors, last week (the week ending April 22) international oil prices once again took a "roller coaster", and oil prices fluctuated at a high level, falling
sharply from the week of April 15.
WTI oil prices fell by 4.
56% and Brent oil prices by 4.
52%.

On the 22nd, WTI oil prices closed at $102.
07 / barrel, and Brent oil prices closed at 106.
65 US dollars / barrel
.

International oil prices rose to their highest
level since late March on April 18 as Sharara, Libya's largest oil field, was forced to close due to protests and two key ports suspended oil shipments.
Since then, under the influence of factors such as the surge in the US dollar index and the impact of the epidemic on China's demand expectations, international oil prices have fallen
sharply.
On the 20th, data released by the U.
S.
Energy Information Administration (EIA) showed that U.
S.
commercial crude oil inventories fell more than expected
last week.
The IMF cut its global economic growth forecast for this year, raising concerns about
slowing crude demand.
In view of the expectation of slowing global economic growth, weakening the outlook for crude oil demand, oil prices have limited room to rise, the Fed accelerated interest rate hike expectations, and international oil prices fell
on the 22nd.