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Tropical storm "Frances" threatens oil production in the USA, bringing a welcome relief to oil prices.
The storm or sweep over the Gulf of Mexico, hitting dozens of offshore oil platforms and inland refineries, finally stopped the fall in oil prices!
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CSI commodity equity index giant Tok also pessimistic: oil prices may drop to $60!
This pessimistic stance is not common for Tok to the long-term bullish trend of csi commodity equity index.
CSI Commodity Equity Index giant Toke has rarely taken a stand on "oversupply"! Warning that oil prices could fall to $60.
Toke Group has an unusual put on crude oil prices, suggesting that the price of this commodity may fall to $60; Gunwood Chairman Toenquist said that crude oil supply exceeds demand.
Oil prices fall to a 15-month low? Oil trading giants and Goldman Sachs both warn of worrying demand prospects.
①Both Vitol Group, the world's largest independent oil trader, and Morgan Stanley, a Wall Street institution, have issued pessimistic warnings about the future of oil prices. ②Vitol Group stated that China's gasoline demand will peak due to China's ongoing energy transition. ③On Monday, Morgan Stanley lowered its forecast for Brent crude oil prices.
The US Gulf Coast refining belt faces the threat of a hurricane, and oil prices, which have suffered consecutive setbacks, are rebounding.
Asia's crude oil futures surged on Monday as a potential hurricane system approached the coast of the Gulf of Mexico in the USA, and the market rebounded from selling off following weaker-than-expected US employment data on Friday.