International Oil Prices Fell More Than 1% On 6 Days.

As investors expect OPEC to increase output,

OPEC will hold a meeting in Vienna on the 8 th of this month.

There are more and more signs that OPEC is likely to raise oil output at this meeting to curb the rise in oil prices.

But there are also reports that the decision to raise crude output is likely to be resisted. Countries such as Iran and Venezuela may oppose increasing output.

Crude oil production is likely to increase while crude demand is slowing.

At present, the US economy is showing signs of slowdown in the world's largest oil consumer, and investors are concerned that the outlook for oil demand will be affected.

Moreover, high oil prices also affect consumer behavior, and the demand for crude oil has decreased.

On the same day, the US dollar rebounded against the euro, and the US dollar exchange rate index, which tracks the US dollar exchange rate against the basket of currencies, also rose by about 0.3%.

However, the situation in the Middle East continued unrest, and violent conflicts in Yemen and Syria sparked worries about the supply of crude oil, narrowing the price of oil.

By the end of the day, New York commodities.