The hottest oil price fell seasonally, and the low

Oil prices fell seasonally, and the lowest point in five weeks was still over $60

the peak of gasoline demand has passed. As there are no new influencing factors, international oil prices have further seasonally slowed down. However, the large-scale power outage in the United States caused the shutdown of refineries, and the decline of oil prices was limited. Although the oil price fell by 10% from the record high in early September, it is still at a high level of more than $60 a barrel. At the close of Tuesday, the October futures of West Texas light oil on the New York Mercantile Exchange were $63.11 a barrel, down $0.23 from the previous trading day, with a trading range of 62 $85; October Brent crude oil futures on the London International Petroleum Exchange were $61.61 a barrel, down $0.19 from the previous trading day, with a trading range of 61 33 dollars

oil and gas production in the Gulf of Mexico region of the United States was interrupted on Tuesday, and the recovery process was slow, with little change compared with Monday. According to the latest report of the U.S. mining management service, as of 11:30 a.m. central time on September 13, the daily output of oil interrupted in the Gulf of Mexico was 84672 barrels, equivalent to 56.45% of the daily output of 1.5 million barrels in the region. The interrupted daily production of natural gas is 3.72 billion cubic feet, equivalent to 37.2% of the daily production of nearly 10 billion cubic feet in the region. From August 26 to September 13, the cumulative interruption of oil production was 19.69905 million barrels, equivalent to 3.596% of the region's annual production of about 547.5 million barrels; The cumulative production of natural gas interrupted from August 26 to September 13 was 95.476 billion cubic feet, equivalent to 2.616% of the region's annual production of 3650 billion cubic feet

the outlook for the future is expected. On Tuesday, the U.S. government announced the producer index (PPI) for August, which increased by 0.6% in August, down 0.4 percentage points from July. The U.S. Department of labor pointed out that the slowdown in PPI growth reflects the easing of the rise in energy prices. The increase in energy prices fell to 3.7% from 4.4% in July, excluding the distance between food marks, which is usually between 2550mm. The core producer price index of products and energy was flat for the first time in nearly two years. As the rise in energy prices eased, the growth rate of wholesale prices in the United States slowed down in August, indicating that the inflationary pressure in the United States had gradually weakened before Hurricane Katrina

UBS First Boston predicts that the long-term damage caused by Hurricane Katrina will continue to alleviate oil demand in the coming years. At present, the consumption of energy in the United States accounts for% of disposable income 5%, much higher than the range in. This loss of income will force consumers to adjust their consumption patterns, thereby reducing demand and prices

China reiterated on Tuesday that it would not purchase imported crude oil to supplement its strategic oil reserves. China's crude oil imports in August were equivalent to 2.06 million barrels per day, 6.1% lower than the same period last year, and fell to the lowest level in eight months year-on-year

Mundi, President of the International Energy Agency, said that the 30 day oil emergency reserve plan released by Member States had prevented the global fuel crisis, and there was no need to extend the release period. On Thursday, the agency will hold a top-level meeting to review the proportion of time to release emergency reserves, including 1.3 million barrels of crude oil and 700000 barrels of refined oil per day

although the market has fallen, traders are still worried about insufficient supply before the arrival of supply due to Katrina damage. Some European countries require OPEC to increase oil production, but among the incentives of current high oil prices, the supply bottleneck is oil refining, not crude oil supply. Since last year, OPEC has increased its daily output by 4million barrels unattended. At present, the total daily output has exceeded 30million barrels. OPEC may consider increasing the daily production quota of 1million barrels at the oil ministers' meeting on September 19. However, Mundi said that he hoped to further clarify a timetable for when to have greater light crude oil production capacity in the next few months

due to rumors of weak demand, Barkley international capital expects oil prices to continue to fall for the rest of the week

traders are also concerned about the oil inventory data to be released in the United States on Wednesday. Analysts from Reuters preliminarily predicted that as of September 9, not all dandelions were suitable as a sustainable source of rubber. In that week, U.S. gasoline inventories fell by 2.4 million barrels, while U.S. crude oil inventories fell by 1.6 million barrels, and distillate oil inventories are expected to fall by 400000 barrels. The U.S. energy information administration and the American Petroleum Institute will release last week's oil inventory data, demand and supply, import and export of oil and products, and refinery production after the opening of the New York Mercantile Exchange on Wednesday

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content