U.S. oil inventories fell last week International oil prices rose significantly on September 28

Due to the decline in oil inventories in the United States last week and the recovery of market risk appetite, international crude oil futures prices rose in the overnight market, expanding in the morning of the 28th, and consolidating in a narrow range in the afternoon, and international oil prices rose
significantly at the close.

Light crude futures for November delivery rose $3.
65, or 4.
65%,
to settle at $82.
15 a barrel on the New York Mercantile Exchange by the close of the day.
London Brent crude futures for November delivery rose $3.
05, or 3.
54%, to settle at $89.
32 a barrel
.

Data released by the US Energy Information Administration on the 28th showed that US commercial crude oil inventories last week were 430.
6 million barrels, down 200,000 barrels from the previous month, after the market expected a slight increase
from the previous month.
Over the same period, U.
S.
gasoline and distillate inventories declined significantly by 2.
4 million barrels and 2.
9 million barrels, respectively, while propane and propylene inventories increased by 1.
6 million barrels
month-on-month.
U.
S.
commercial oil inventories, which include commercial crude, refined products, propane and propylene, fell by 8.
9 million barrels
month-on-month last week.

The data also showed that U.
S.
refineries processed an average of 15.
8 million barrels per day last week, down 604,000 barrels month-on-month; the average operating rate of U.
S.
refineries last week was 90.
6%, down from 93.
6% the previous week; U.
S.
net crude oil imports averaged 1.
803 million barrels per day last week, down a significant 1.
604 million barrels
month-on-month.

It is worth noting that commercial crude oil inventories in the Cushing region of the United States last week were 25.
7 million barrels, an increase of 700,000 barrels from the previous month; The U.
S.
Strategic Crude Oil Reserve was 422 million barrels last week, down 4.
575 million barrels month-on-month, and U.
S.
crude oil production averaged 12 million barrels per day last week, down 100,000 barrels
month-on-month.

Data released by the American Petroleum Institute later on the 27th showed that last week's U.
S.
commercial crude oil inventories increased by 4.
15 million barrels month-on-month, distillate inventories increased by 438,000 barrels month-on-month, and gasoline inventories fell by 1.
048 million barrels
.

Due to the weakening demand outlook and the strengthening of the US dollar, Goldman Sachs Group lowered its oil price forecast on the 27th, and expects the average price of Brent crude oil futures in the fourth quarter to be $100 per barrel, lower than the previous expectation of $125 per barrel
.
Goldman Sachs also expects Brent crude futures to average $108 per barrel next year, significantly lower than the previous expectation of $125 per barrel
.

According to data released by the U.
S.
Bureau of Safety and Environmental Enforcement (BSEE), as of noon on the 28th, 9.
12% of the crude oil production capacity in the US Gulf of Mexico was closed due to Hurricane Ian, and personnel from 11 offshore production platforms were evacuated, accounting for 2.
11%
of the total number of production platforms in the US Gulf of Mexico.