International oil prices fell due to worries about demand prospects

As investors worried about the impact of the rebound of the epidemic on the demand outlook and other factors,the international oil price fell in the week(September 21-25),the oil price in New York fell 2.09%,and the Brent oil price fell 2.85%.The gold price in New York also fell 4.88%due to the strengthening of the US dollar and other factors.

The gold futures price of December,the most active trading in the gold futures market of the New York Mercantile Exchange,fell by 10.6 US dollars on the 25th compared with the previous trading day,closing at 1866.3 US dollars per ounce,down 0.56%;The price of silver futures for delivery in December closed at US$23.093 per ounce,down 14.88%in the current week;The price of platinum futures for October delivery closed at$842 per ounce,down 10.28%this week.

Market analysts believe that the gold price has fallen for three consecutive trading days due to the strengthening of the US dollar.The gold price has dropped to a two-month low on the 23rd,and the gold market has been oversold.Investors began to cover short positions,which led to gold prices rising in the next two trading days.At the same time,close to the US general election,the weak state of gold will not last too long,and the medium-term prospects of the gold market are still optimistic.

International oil prices fell slightly on the 25th.As of the close of the 25th,the price of light crude oil futures for November delivery on the New York Mercantile Exchange fell by 0.06 US dollars to close at 40.25 US dollars per barrel,or 0.15%;The price of London Brent crude oil futures for delivery in November fell 0.02 US dollars to close at 41.92 US dollars per barrel,or 0.05%.

Oil prices in New York and Brent fell sharply by about 4%on the 21st as Libya is expected to gradually resume crude oil exports and the rebound of the epidemic in Europe and other places put pressure on the oil demand outlook.According to the data released by Baker Hughes,an American oilfield technology service company,on the 25th,the number of active oil rigs in the United States this week was 183,an increase of 4 on a month-on-month basis and a decrease of 530 on a year-on-year basis.

The futures prices of corn,wheat and soybeans on the Chicago Futures Exchange generally fell this week.On the 25th,the most active December contract in the Chicago Futures Exchange corn market closed at$3.6525 per bushel,down 3.5%in the week;The wheat contract in December closed at$5.4425 per bushel,down 5.35%this week;The November soybean contract closed at US$10.025 per bushel,down 3.93%in the week.