On the morning of the 26th, Beijing time, WTI crude oil in the United States fell by about 1% on Tuesday. Investors are paying attention to the prospect of summer fuel demand and the tense situation on the Lebanon-Israel border.
The August WTI crude oil futures price delivered by the New York Mercantile Exchange fell by 80 cents, a decrease of 0.98%, and closed at $ 80.83 per barrel.
The August Brent crude oil futures price delivered by the Intercontinental Exchange Europe fell by $ 1, a decrease of 1.16%, and closed at $ 85.01 per barrel.
Due to the market's expectations of strong summer fuel demand, WTI crude oil in the United States and Brent crude oil in Europe have risen 4.9% and 4.1% respectively this month.
However, Ryan McKay, senior commodity strategist at TD Securities, said that as the oil price failed to maintain its upward momentum, the fund liquidated the recent long positions, leading to a downturn in the crude oil market on Tuesday.