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Last week (the week ending November 19), affected by the worsening of the epidemic in Europe, the re-imposed lockdown measures, the United States' call for major oil consumers to release crude oil reserves, and the expectation that international organizations will turn into excess supply, international oil prices fell for the fourth consecutive week, and fell sharply, WTI oil prices fell 6%, Brent oil prices fell 4%.
On the 19th, WTI oil prices closed at $76.
10 / barrel, and Brent oil prices fell below $80 / barrel, closing at $78.
89 / barrel
.
The recent epidemic situation in Europe continues to worsen, Austria, Germany, France, the United Kingdom and other countries have reached a record number of new confirmed cases, in addition to promoting vaccination, these countries have also reimposed lockdowns, Austria announced a national lockdown, the market is worried that lockdown measures will affect economic recovery and oil demand
.
In addition, the United States has become more vocal in considering the release of crude oil reserves, and the country called on major consumer countries such as Japan, South Korea, and India on the 18th to release some crude oil reserves, putting pressure
on oil prices.
