(1) International oil prices continued to be weak on Wednesday, with U.S. crude oil hovering at a two-month low and currently trading near $81.03 per barrel, with oil prices falling 1.5% overnight, hitting an intraday low of $80.72 per barrel, a new low since August 29. (2) OPEC crude oil production increased by 180,000 b/d in October, mainly driven by increased production in Nigeria and Angola, the survey showed. (3) The U.S. Energy Information Administration (EIA) said U.S. crude oil production was 13.05 million barrels per day in August, setting a new monthly record. (4) In addition, weaker-than-expected data on manufacturing and non-manufacturing activity in large Asian countries added to concerns about slowing fuel demand in the world's second-largest oil consumer. (5) The latest data showed that API crude oil inventories increased by 1.347 million barrels, and the official inventory data will come out later in the day, investors need to pay attention. (6) A Hamas spokesman said on Tuesday that Hamas will release some foreign prisoners in the coming days. Phil Flynn, an analyst at Price Futures Group, noted: "We've taken some of the war premium out of the price. (7) Crude oil prices stabilized ahead of the U.S. Treasury renewing its bond issuance program and the Federal Open Market Committee (FOMC) announcing interest rate decisions, said Edward Moya, senior market analyst at OANDA. "Geopolitical risks remain, which appear to offset some of the impact of record U.S. production."

The U.S. dollar index and the U.S. dollar index rose about 0.3%, both close to their November highs. Because the dollar seems to benefit from U.S. interest rates remaining high for a long time. On Monday, U.S. 10-year and 30-year Treasury bond yields rose to multi-year highs. Oanda analyst Edward Moya said hawkish comments from Chicago Fed President Goolsby could be a factor in pushing yields higher, as is the prospect that workers' strikes will eventually push wages higher. Moya believes that the U.S. dollar is expected to remain strong this year as the U.S. economic outlook is better than that of the European Union.

① Oil prices rose slightly on Friday, continuing to hit a nearly 10-month high, as China previously lowered bank deposit reserves to promote economic recovery, and the market expected that the interest rate hike cycle of major global central banks is nearing the end. ② U.S. crude oil hit a maximum of $91.13/barrel on Friday, a new high since November 8 last year, with an increase of about 0.5%; Brent crude oil hit a maximum of $93.83/barrel on Friday, with an increase of about 0.96%; both oils closed up by about 0.96% on Thursday. 2%. ③Tina Teng, an analyst at CMC markets, said that China's reduction in the deposit reserve ratio will help to comprehensively boost energy and industrial metal prices. ④China's August industrial added value and consumer goods data released on Friday were better than market expectations, which also provided support for oil prices. ⑤ Continued concerns about supply, expectations that the Federal Reserve will keep interest rates stable, and the European Central Bank's signal on Thursday that the rate hike process may be over have kept oil prices on track to close higher for a third consecutive week. Rising interest rates would increase borrowing costs for businesses and consumers, potentially slowing economic growth and reducing oil demand. ⑥OANDA analyst Edward Moya said: "Betting on oil is becoming the most popular trade on Wall Street. No one doubts that OPEC+'s decision late last month will make the oil market very nervous in the fourth quarter."

In early Asian trading, gold prices fell slightly, possibly due to a technical retracement. Gold prices rose overnight as U.S. dollar trading temporarily lost momentum, Oanda analyst Edward Moya said in a note. Looking ahead, he hinted that there are multiple triggers this week, including U.S. inflation and retail sales data, a possible UAW strike, and the European Central Bank's policy meeting, which "could lead to a weaker dollar" and, in turn, a weaker dollar. Influence the trend of gold.

WTI crude fell below $80 amid a draw in U.S. crude inventories, despite the time spread pointing to tighter supplies in the near term. WTI crude oil futures fell 3.4% this week amid thin summer trading, snapping a seven-week winning streak. And the woes in Asian stocks sparked turmoil in global stock markets and weighed on oil prices, while traders were watching for clues about the U.S. economic outlook in the upcoming minutes of the Federal Reserve meeting. Even with a sharp drop in U.S. crude inventories and signs of tightening supplies from the Middle East and the North Sea, prices have failed to rise, said Ed Moya, senior market analyst at Oanda. Crude oil prices will remain under pressure as Wall Street jitters over the outlook for the world's largest economies, with a growing number of traders realizing a soft landing in the U.S. may not be a good thing for addressing inflation.

The API reported that crude inventories fell by 15.4 million barrels last week, compared with expectations for a 900,000-barrel draw. If the same is true for the official EIA data released (Wednesday), it will be the largest weekly volume in the data's history (since 1982). Edward Moya, senior market analyst at Oanda, said: "Oil remains one of the most attractive trades, with buyers likely to emerge on every dip." The OPEC+ Joint Ministerial Supervisory Committee meeting will be held online on Friday , This provides an excellent opportunity for Saudi Arabia to extend the voluntary production cut of 1 million barrels per day in July announced on June 3 for another month until September. Robert Yawger, executive director of Mizuho US energy futures, wrote: "Saudi Arabia's move may slow down the global anti-inflation process, especially at the end of the summer driving season and the beginning of the small peak season." At $82.16 a barrel.

Oanda senior analyst Edward Moya said in a note as the U.S. economy continued to send mixed signals. The Chicago PMI reading was disastrous, while the US labor market remains strong. And the market expects that OPEC+ will not further cut production at this weekend's meeting