The international oil price rebounded for two consecutive trading days overnight. Brent crude oil rose by more than 3% on Thursday, and SC crude oil rose in the inner market. The main contract of SC crude oil rose by 3.40% to close at 692.7 RMB. The US economic data showed strong performance. Last week, the number of people applying for unemployment benefits in the United States decreased to 250,000, the first drop in three weeks, indicating that the demand for labor is still healthy. In addition, the commercial crude oil inventory data released by the US Energy Information Administration (EIA) on Wednesday was good, and the crude oil and gasoline inventories fell sharply more than expected. The fuel demand was still strong, diluting the worries about the slowdown of fuel demand caused by the risk of economic recession.

According to SunSirs crude oil analysts, in the short term, the oil price may also be affected by sudden factors in addition to the basic factors. The hurricane climate in North America is approaching. Judging from previous years, it may damage the refinery facilities along the Gulf of Mexico, which may help the oil price rebound. In addition, in the medium term, it may be affected by the soaring natural gas price in Europe, which will drive the oil price higher. In the long run, the risk of economic recession and epidemic situation are still the biggest constraints on oil prices, and the risk of far-end oil prices is high.

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