Crude oil plummeted, marking the second consecutive monthly decline

Following reports that OPEC+ will proceed with the planned production increase in the fourth quarter, WTI crude oil futures dropped by over 2.5% on Friday, falling below $74 per barrel.

Although there was discussion within OPEC+, it is expected that production will start in October..

As the world's largest importer, China's demand remains weak.Goldman Sachs and Morgan Stanley have revised their price forecast,and as a result, crude oil will experience its first consecutive monthly decline this year..

However, the economic growth rate of the USAwas revised upward in the second quarter,boosting sentiment. Additionally, the crude oil inventory of the USAhas reached its lowest level since January,and the inventory in Cushing, Oklahomais at a low level.It is the lowest level since November.Low level.となった。

On the other hand,Libya's production volume.With the intensification of domestic political instability, furtherThere is a fear of decreasing.がある。