News summary
The death of the Middle East president attracted market attention, and international oil prices fell slightly in response: WTI crude oil fell 0abcjilicom. 26 to US$79.80/barrel, Brent crude fell 0.27 to US$83.71/barrelabcjilicom; China's SC crude oil futures bucked the trend and rose 4.6 yuan to 618.3 yuan/barrel.
Newsletter text
[Concern over the death of a president of a Middle East country caused international oil prices to close slightly lower]
In the May 20 transaction, international oil prices fell slightly due to the development of the situation related to the death of a president of a certain Middle East country. Specifically, WTI crude oil futures closed at US$79.80 per barrel in June 2024, down US$0.26 from the previous trading day, or 0.32%. At the same time, Brent crude oil futures prices fell by US$0.27 in July 2024 to close at US$83.71 per barrel, the same decline of 0.32%. However, China's crude oil futures SC main contract 2407 showed a different trend, closing at 618.3 yuan per barrel, up 4.6 yuan from the previous trading day.