SC Crude Oil Surges 6.24% to 466.8 Yuan Per Barrel on July 8 Amid Geopolitical Risk

According to Jin10 Futures, SC crude oil main contract surged 6.24% to 466.8 yuan per barrel on July 8, driven by a confluence of geopolitical tensions and oversold valuations. The sharp rally reflected a rapid reversal of previously priced-in supply oversupply expectations, supported by stronger fundamentals at depressed levels.
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