On October 1, the situation in the Middle East continued to disrupt the crude oil market. Investors are worried that the US-Iran negotiations will not be able to quickly reach a peace agreement. Combined, Saudi Arabia's East-West oil pipeline has not yet returned to full operation. International oil prices rose markedly during the European trading period. Oil prices once hit the 100 US dollar mark per barrel during the intraday period, reaching a maximum of 100.55 US dollars per barrel. As of 16:26 Beijing time on October 1, the price of light crude oil futures for November delivery on the New York Mercantile Exchange was 92.36 US dollars, an increase of 2.17%; the price of London Brent crude oil futures for December delivery was 100.10 US dollars per barrel, an increase of 2.09%. The rebound in oil prices has heightened market concerns about the risk of rising inflation. Treasury yields in many major economies continued to rise. The 10-year US Treasury yield once hit 5.342% during the European trading session on the same day, hitting a new high since 2002. Meanwhile, yields on British, French, and German treasury bonds rose across the board, suppressing risk appetite in the stock market. The three major European stock indexes declined, and large banks and the retail consumer sector declined markedly. HSBC Holdings, which belongs to HSBC, fell more than 3%, Standard Chartered Bank fell nearly 3%, BNP Paribas fell more than 2.7%, and Deutsche Bank fell more than 2.6%. As of 16:23 Beijing time on October 1, the British FTSE 100 index fell 1.77%, the French CAC40 index fell 1.56%, and the German DAX index fell 1.21%.

Zhitongcaijing · 1d ago
On October 1, the situation in the Middle East continued to disrupt the crude oil market. Investors are worried that the US-Iran negotiations will not be able to quickly reach a peace agreement. Combined, Saudi Arabia's East-West oil pipeline has not yet returned to full operation. International oil prices rose markedly during the European trading period. Oil prices once hit the 100 US dollar mark per barrel during the intraday period, reaching a maximum of 100.55 US dollars per barrel. As of 16:26 Beijing time on October 1, the price of light crude oil futures for November delivery on the New York Mercantile Exchange was 92.36 US dollars, an increase of 2.17%; the price of London Brent crude oil futures for December delivery was 100.10 US dollars per barrel, an increase of 2.09%. The rebound in oil prices has heightened market concerns about the risk of rising inflation. Treasury yields in many major economies continued to rise. The 10-year US Treasury yield once hit 5.342% during the European trading session on the same day, hitting a new high since 2002. Meanwhile, yields on British, French, and German treasury bonds rose across the board, suppressing risk appetite in the stock market. The three major European stock indexes declined, and large banks and the retail consumer sector declined markedly. HSBC Holdings, which belongs to HSBC, fell more than 3%, Standard Chartered Bank fell nearly 3%, BNP Paribas fell more than 2.7%, and Deutsche Bank fell more than 2.6%. As of 16:23 Beijing time on October 1, the British FTSE 100 index fell 1.77%, the French CAC40 index fell 1.56%, and the German DAX index fell 1.21%.