Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.

Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.

wallstreetcnAug 2 22:57 ET

Roth MKM Maintains ConocoPhillips(COP.US) With Buy Rating, Cuts Target Price to $138

Moomoo NewsAug 2 21:32 ET · Ratings

Express News | Wells Fargo Maintains Overweight on ConocoPhillips, Lowers Price Target to $150

BenzingaAug 2 14:22 ET

Express News | Shares of Oil and Gas Stocks Are Trading Lower Despite Middle East Tensions. Weak US Economic Data May Be Weighing on Demand Outlook

BenzingaAug 2 13:50 ET

ConocoPhillips Price Target Cut to $145.00/Share From $147.00 by Truist Securities

Dow JonesAug 2 09:08 ET · Ratings

ConocoPhillips Is Maintained at Buy by Truist Securities

Dow JonesAug 2 09:08 ET