On August 10, the international crude oil price rebounded by nearly 3%

On August 10, the international oil price rebounded sharply, and WTI crude oil rose nearly 3%. The settlement price of the main contract in the U.S. WTI crude oil futures market was reported as $68.29/barrel, up $1.81 or 2.70%, and the settlement price of the main contract in Brent crude oil futures market was reported as $70.63/barrel, up $1.59 or 2.30%. American Petroleum Institute (API) data show that U.S. gasoline and crude oil inventories have decreased, and there are signs that the improvement of U.S. employment has boosted fuel consumption. However, at present, demand growth is still restricted by delta virus, and the driving force of oil price rise is still constrained.