Business trends

International trends

Hurricane is about to land, crude oil futures rebound

 Although the International Energy Agency (IEA) lowered its global oil demand forecast, hurricane Sally is about to land, and more than a quarter of offshore oil and gas fields and coastal refineries in the Gulf of Mexico in the United States are closed, and international oil prices are rising. After the close of OPEC crude oil futures, data released by the American Petroleum Institute showed that US crude oil inventories fell sharply last week, and international oil prices continued to rise in after hours electronic trading. On Tuesday (September 15), the New York Mercantile Exchange (NYMEX) settled at $38.28 a barrel for October 2020, up $1.02 from the previous day, with a trading range of 37.06-38.57. Brent crude oil futures in November 2020 on the Intercontinental Exchange of London settled at $40.53 a barrel, up $0.92 from the previous day, with a trading range of 39.39-40.82.