Oil prices fluctuate narrowly, balancing expectations of oversupply with geopolitical risks.

Jin10 data reported on September 22, oil prices have stabilized after a slight decline last week, as traders weighed the EU's sanctions on Russian supplies and the impact of Ukraine's attacks on Russian energy facilities. The next round of EU sanctions on Russia will focus on the oil sector institutions of so-called “third countries,” aiming to further cut off the Kremlin's oil dollar sources. Meanwhile, Ukraine reported that Saturday's drone attacks damaged energy facilities deep within Russia, including a major oil pipeline and two refineries. Over the past month, Ukraine has intensified its drone attacks on Russian energy infrastructure. Since early August, crude oil prices have been fluctuating within a range of $5 per barrel, as the market balances predictions of potential oversupply by year-end against geopolitical risks.