Analysts: Expectations for peace between Russia and Ukraine weaken sanction risks, and the current trend of oil prices also aligns with seasonal trends.

Jin10 data reported on August 19 that oil price futures have dropped, as the U.S. efforts to promote a Russia-Ukraine peace protocol have reduced the likelihood of additional sanctions on Russia or related secondary tariffs on its oil buyers. Dennis Kissler of BOK Financial stated in the report: "The chances of reaching a peace protocol are rising, which is likely to lead to a relaxation of sanctions on Russian oil products, resulting in a more oversupplied global market." "Seasonally, crude oil prices typically decline before mid-October, and this trend seems to align with the current movement."