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U.S. WTI crude oil futures closed down 1.1% on September 29

 Last Update: 2022-11-15
 Source: Internet
 Author: User

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In the early morning of September 30, Beijing time, crude oil futures prices closed lower on Thursday, partially giving up yesterday's 4.
7% gain, but still maintaining above
$80 a barrel.

Fears that hurricanes could disrupt crude oil production have weakened, putting oil prices under pressure
.

Robbie Fraser, analyst at Schneider Electric, said: "The overall momentum of the crude oil market remains largely unchanged
.
Recession fears continue to weigh on future demand outlook, reinforced by aggressive rate hikes by the Federal Reserve and other central banks
.
”

West Texas Intermediate (WTI) futures for November delivery fell 92 cents, or 1.
1 percent, to settle at $
81.
23 a barrel on the New York Mercantile Exchange.

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