Economic Observation Network According to the CCTV News client, as the market focuses on the improvement of geopolitical conflicts in the Middle East and the prospect of increased oil supply, international crude oil futures prices significantly fell on the 26th, with the closing price of New York crude oil futures contracts falling below $70 per barrel for the first time since March.

As of the close on the 26th, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell by $2.69, closing at $69.23 per barrel, a decrease of 3.74%; The London Brent crude oil futures price for delivery in August fell by $3.27, closing at $71.99 per barrel, a decrease of 4.34%.