Although Francine's power has now weakened from the previous hurricane level, it still leads to a massive shutdown in the Gulf of Mexico.

Blinken Reveals Israel Has Accepted Proposal to Bridge Differences Hindering Gaza Ceasefire and Hostage Release.

If it were not for the continued supply cuts by OPEC+ and the intensification of conflicts in the Middle East, the decline in oil prices could be more severe.

Originally, under the stimulus of OPEC+ production cuts and expectations of US interest rate cuts, crude oil had risen slightly since the beginning of the year.

In the market, traders are concerned about weak gasoline consumption during the peak summer driving season in the United States.