The oil price rebounds continuously, will it gain momentum in the short term?

He Xiaoqin, senior researcher at Guotai Junan Futures Energy, stated that the peak season for refined oil consumption is coming to an end, and the cracking price gap is expected to fall. OPEC+ crude oil exports are approaching a turning point, and the pace of production increase in September may slightly slow down. In the short term, oil prices are still biased towards strength, but medium-term supply pressure will gradually become apparent.