Oil prices rebounded from a six-month low in early August and rose sharply this week, driven by a series of support factors such as unexpected supply disruptions and a weaker dollar. The rebound in oil prices is expected to continue. Us President Joe Biden's plan to sell strategic oil reserves on a large scale will end in October, which will greatly reduce oil supplies. Shortly thereafter, the EU will stop buying most of its oil from Russia from December in an effort to cut off the sources of revenue that the Kremlin uses to finance its military operations. At the same time, the United States may limit the price of Russian crude oil. The natural gas supply crisis is likely to stimulate oil demand as users look for alternative sources of energy in the winter. Although there are fears that the global economic slowdown will weaken oil demand, oil prices are still likely to be supported by these supporting factors.