Great Wisdom October 28th | Brent crude oil futures, WTI crude oil futures both plummeted by about 5% in early trading, with oil and gas stocks in pre-market trading on the US stock market generally falling. Among them, Equinor fell more than 3.4%, Shell, BP plc fell more than 1.8%, Exxon Mobil, petroleo brasileiro sa petrobras, Chevron, Eni SpA, Total all fell more than 1%. On the news front, the Israeli Defense Forces recently launched strikes against Iran, targeting air defense facilities, missile factories, drone research and production facilities, missile launch sites, etc., avoiding nuclear and oil facilities that the market is concerned about, causing oil prices to fall. In addition, Citigroup lowered its forecast for Brent crude oil prices, reducing the three-month outlook for Brent oil prices from $74 per barrel to $70 per barrel, and the six to twelve-month outlook from $72 per barrel to $60 per barrel, due to the gradual disappearance of the risk premium driven by Middle East geopolitical risks. (Gelonghui)