Lates News

International oil prices recently rebounded strongly after hitting a four-year low. Is this surge in oil prices a desperate counterattack or a temporary phenomenon? Dong Chao, an analyst at Shenwan Futures Energy and Chemicals, believes that the escalation of geopolitical tensions combined with positive signals on tariffs have led to an oversold rebound in oil prices. OPEC+ may accelerate production increases again in July, leading to overall weakness in the future trend of oil prices. (First Financial Daily)