The US API crude oil inventories fell by 4.728 million barrels in the week to July 23, which is expected to decrease by 3.433 million barrels. In terms of data, API inventory fell again after a brief rebound, and it was 1.295 million barrels more than the expected decline.

In the early morning of last Sunday, the Louisiana Offshore oil Port (LOOP) announced the suspension of crude oil transportation due to Hurricane Ida. In addition, oil and gas exploration and exploitation companies in the U.S. Gulf of Mexico and refining and chemical plants along the coast have stopped production in preparation for Hurricane Ida.

The previous crude oil position wearing incident must still be on your mind. Negative oil prices are of course just a special situation that occurs before the expiration of the WTI crude oil contract in May, but with the increasing prominence of global environmental issues. The development of clean energy will have an increasing impact on the oil industry.

Black Gold, Texas Tea... oil can translate into huge sums of money, maybe you want to become an oil tycoon yourself, or at least invest your oil in as part of a trading strategy.

Hurricane Ida violently hit the heartland of the US energy industry, but the crude oil market reacted flat on Monday, and some oil companies began investigating the extent of the damage caused by the storm.

There was a collective collapse in commodities. What happened? Just as the market was worried that China's overall cut in reserve reserve ratio might aggravate the rise in commodity prices, the commodity market ushered in a sharp drop on Monday, and crude oil prices were the first to bear the brunt.

As one of the world's largest commodity trading companies, Trafigura Group (Trafigura Group) said that due to the difficulty of supply to keep up with rapidly growing demand, global oil and gas prices will be higher this winter and beyond.