SMM

According to the Yahoo Finance, the International Energy Agency released a monthly report on the 11th local time, saying that the "OPEC+" production cuts may reduce inventories for the rest of the year, thereby pushing up oil prices. According to the current production estimates of "OPEC+", crude oil inventories may decrease by 2.2 million barrels per day in the third quarter and 1.2 million barrels per day in the fourth quarter.