According to the Securities Times app, petroleum stocks collectively fell. As of the time of publication, China Petroleum (00883) dropped by 3.04%, to 17.22 Hong Kong dollars; PetroChina (00857) fell by 2.45%, to 5.58 Hong Kong dollars; Sinopec (00386) fell by 1.61%, to 4.29 Hong Kong dollars; China Oilfield Services (02883) fell by 1.2%, to 7.42 Hong Kong dollars.

On the news front, the impact of Hurricane 'Raphael' on oil production in the Gulf of Mexico is beginning to weaken, coupled with market expectations of a possible decrease in crude oil demand, international oil prices fell by over 2% last Friday. GF Futures believes that although the outlook for Asian demand is showing signs of improvement, it remains unstable; US crude oil is still in a surplus phase, with market's bearish sentiment yet to reverse and demand-side pressure still present; the strengthening of the US dollar is suppressing oil prices; geopolitically, despite an overall easing of the situation in the Middle East, Iran's tough stance continues to add to the region's instability. In conclusion, with alleviated supply pressure, weak demand, a strong US dollar, and geopolitical uncertainties all present, short-term oil prices face downward pressure, but with limited space, the probability of wide fluctuations in oil prices remains high.