Data released by the American Petroleum Institute (API) showed that crude oil inventory in the United States fell sharply last week, and crude oil futures in Europe and the United States hit another stage high on Thursday (December 26). The settlement price of West Texas light oil futures on New York Mercantile Exchange in February 2020 was 61.68 US dollars per barrel, up 0.57 dollars, up 0.9%, and the trading range was 61.06-61.83 dollars; the settlement price of Brent crude oil on London Intercontinental Exchange in February 2020 was 67.92 dollars per barrel, up 0.72 dollars, up 1.1%, and the trading range was 67.22-67.95 dollars.