The international crude oil market showed a slight decline. The Brent crude oil futures price fell 0.12 to 64.28 US dollars / barrel, WTI crude oil futures price fell 0.04 to 58.09 US dollars / barrel. Two oil facilities in Saudi Aramco were attacked by drones, resulting in a temporary suspension of production capacity of 5.7 million barrels per day. According to reports, the full restoration of the attacked Saudi oil field may require “many months” rather than 10 weeks. The situation may not be as optimistic as it is in public. In private, Saudi Arabia is in urgent consultations on how to repair the damage. Saudi Arabia has already recovered half of its lost production and it is expected that the remaining production will resume at the end of this month. Investors believe that despite the attacks on Saudi oil facilities, the early gains have long been erased, given the global supply.
Saudi Aramco officially announced that it could fully restore the crude oil production capacity that was previously attacked at the end of September, which made investors' pessimism about the shortage of crude oil supply greatly relieved. In addition, US weekly EIA data increased crude oil and refined oil inventories, and the above factors will continue to pressure international crude oil prices. In addition, Sino-US trade also has pessimistic news, and various news stacks affect crude oil prices.