Crude oil flash avalanche! The more you rise, the more you panic! The more you fall, the more you lose! Big ups and downs!

    During the National Day holiday, international crude oil futures plummeted significantly. The international Brent oil price has surged towards 100 yuan per barrel, but has fallen short of 84 dollars per barrel. The rapid decline in oil prices for several consecutive days has shown the market the collapse of hopes for a soft landing for the US economy under the soaring US bond yields. However, the rapid decline in oil prices has also made stock market investors hope for a positive stimulus from further lower inflation expectations. Under such expectations and reality, oil prices and the US dollar will continue to "trade hands" in the medium to long term.
    Falling by $11 in 6 trading days
    On October 5th, WTI crude oil in New York experienced a daily decline of up to 2%, dropping to around $82 per barrel; Brent crude oil, on the other hand, fell short of $84 per barrel. On the previous trading day, October 4th, the November contract settlement price of WTI crude oil futures in New York fell 5.61% to $84.22 per barrel, marking the largest daily decline since September last year; The settlement price of Brent crude oil futures for December fell 5.62% to $85.81 per barrel.