Cut 2 million b/d, OPEC+ drastically cut production! Foreign media: The United States is both angry and panicked

While the global economy is slowing, international crude oil demand is under downward pressure
.
In response to oil price risks, on October 5, the OPEC+ ministerial meeting agreed to reduce total oil production by an average of 2 million barrels
per day from November this year.
Affected by the news, Brent crude oil prices and WIT crude oil prices both went higher
.

The latest data shows that Brent crude oil futures are priced at $98.
463 per barrel, up more than 15% for the week, while WIT crude oil futures are priced at $93.
211 per barrel, up 16.
95%
for the week.
Professionals said that the decline in oil prices caused by weak demand since the second half of the year may turn in the fourth quarter of
this year.

The news shows that the "OPEC+" production reduction measure is the largest production
reduction since the new crown epidemic.
In Goldman Sachs' latest report, analysts raised their Brent crude futures price forecasts from $100 a barrel to $
110 a barrel.
Goldman Sachs estimates that if the production cuts continue until December next year, cloth oil prices may be higher
.

As the Russian oil ban approaches in December, there is still a risk of
volatility in oil price expectations.
Some crude oil analysts said that because the market's digestion of the Russian oil ban has not yet been completed, the "OPEC+" production reduction measures will likely bring superimposed effects, making the crude oil supply side suffer a double impact, or making oil prices continue to be high
.

For Biden, who is in the midterm elections, this is obviously not good news
.
Earlier, in response to the surge in international crude oil, the United States announced the release of 180 million barrels of strategic crude oil inventories
.
In the week ended September 30, U.
S.
strategic crude oil reserves had fallen to their lowest level
since the 1980s.

However, with the sharp reduction of "OPEC +" production, the United States "plotted" to "lose the wife and fold the army", and some US media bluntly said that the White House may now be "angry and panicked"
.
In fact, US officials may not only face the situation of "wasted effort", they may also be "anxious about the people's feelings"
in the midterm elections.

For the US authorities, under the situation of inflation "high fever does not go away", the decline in gasoline prices is a good "prescription"
.
Therefore, some institutions predict that when "OPEC +" touches this interest, the United States will make further feedback on the situation to reduce production measures to break such an "embarrassing" situation
.

However, some experts said that the United States does not have many operational options at
present.
If we insist on releasing strategic crude oil inventories for a long time, the US dominance in the international crude oil market may continue to decline, and "OPEC+" can benefit from this and gain more market control
.