Internal and external crude oil prices fell sharply, how to go after the market outlook?

Gold Ten Futures October 30th news, in the past two days, oil prices have fallen sharply, mainly due to the decline of the geopolitical risk premium. As the risk premium gradually fades, the logic of the oil market will return to the actual supply and demand pressure. Overall, the main problems currently facing the crude oil market are the shrinking demand caused by the global macroeconomic downturn, the demand substitution effect caused by the expansion of the new energy vehicle market, and the pressure of OPEC to increase production. These problems will affect oil prices in the long run. Considering that crude oil has entered the off-season of demand, the overall supply and demand will be more unbalanced. Although a series of measures to boost consumption were introduced in China at the end of the third quarter, the impact on crude oil demand was limited, and it will take a certain amount of time for the actual landing. Therefore, the