布伦特原油期货价格下跌47美分，跌幅为0.6%，报每桶82.16美元。In the early morning of the 23rd Beijing time, the WTI crude oil futures price in the United States fell for the second consecutive trading day on Monday and fell to the lowest level in more than a month. Investors ignored President Biden's decision not to seek re-election, but focused on signs of rising inventory and weak demand.
The August delivery price of WTI crude oil futures on the New York Mercantile Exchange fell by $0.35, or approximately 0.44%, to close at $79.78 per barrel.
September WTI crude oil fell 45 cents to $78.19 per barrel.
Brent crude oil futures prices fell 47 cents, or 0.6%, to $82.16 per barrel.
TACenergy trading department analysts pointed out on Monday that crude oil market traders calmly accepted Biden's decision and temporarily ignored the escalation of tensions in the Middle East. They were more concerned about weak technical factors, sufficient inventory and weak demand.
Morgan Stanley analysts said that although the oil market is currently clearly tense, it is expected to reach balance by the fourth quarter of this year and surplus by next year, thereby pulling Brent crude oil prices to the mid-to-high range of more than $70 in 2025.
US President Joe Biden announced on Sunday that he had ended his re-election campaign and supported Vice President Kamala Harris as the Democratic presidential candidate to replace him in the November election against Republican presidential candidate Donald Trump.
Energy policy may become a core debate between Harris and Trump, but Citigroup analysts believe that neither will push policies that have extreme impact on oil and gas business as a core position.