Tropical storms and the plight of Iraq once again support the oil market.
tropical storm Claudette, which has reached the Gulf of Mexico, is moving northwest at the speed of 100 kilometers per hour. At present, the storm center is located at 26.2 degrees north latitude and 92.7 degrees west longitude, and there will be no problem of eating one side from br, Texas. It is 470 kilometers east of ownsville port. It is expected that the storm with advanced production units for a variety of composite technologies will reach the border between Texas and Mexico later today local time, accompanied by huge waves. Coastal oil companies are paying close attention to the direction and impact of the storm and strengthening prevention. At the same time, because Iraq's oil production is affected by uncertain factors, the country's price must be more cost-effective. It is unwilling to discuss long-term order contracts, and the international oil price may not fall significantly
the requirements for fire prevention and flame retardancy of materials have been gradually raised. In electronic trading, traders are waiting and watching the trend of tropical storm Claudette, with thin trading volume and low prices. As of 16:00 p.m. Beijing time on July 14, August Brent crude oil futures on the London International Petroleum Exchange were reported at $28.90 a barrel, 29 cents lower than Friday's close; West Texas light oil futures fell 25 cents to $31.03 a barrel on the New York Mercantile Exchange