Recently, international oil prices have fluctuated. Analysts believe that the main reasons for the sharp fluctuation of international oil prices are the rebound of multi-national epidemic situation, the end of summer oil peak season and geopolitics. Although hurricane Delta has reduced the offshore crude oil production in the Gulf of Mexico, it can only support international oil prices in the short term.

International oil prices fell on the 9th. By the end of the day, light crude oil futures for November delivery on the New York Mercantile Exchange fell $0.59 to $40.60 a barrel, or 1.43%; London Brent crude oil futures for December delivery fell $0.49 to $42.85 a barrel, or 1.13%.

Bjornar tohyugan, senior vice president and head of the oil market at leista energy, believes that after the hurricane and other influencing factors disappear, oil prices will soon appear a correction. At present, the base of oil price above $40 per barrel is not stable.

In the future, investors will focus on the impact of factors such as the development of the epidemic situation, the recovery of crude oil in Libya, whether the production reduction plans of major oil producing countries will be adjusted, and the progress of the new round of negotiations on fiscal stimulus measures in the United States on international oil prices.

December gold, the most actively traded gold futures market on the New York Mercantile Exchange, rose $31.1 to $1926.2 an ounce, or 1.64%, from the previous day. Market participants believe that the decline in the dollar index is the main reason for the rise in gold prices on the day. Howie Lee, an economist at overseas Chinese bank, said the fall in the US dollar and the rise in inflation expectations after the market rekindled hope for a new round of stimulus plan were the factors driving up the gold price. ANZ believes that a large amount of money supply, low interest rates and uncertainty in the macro environment will support gold investment.