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New York crude oil futures prices hit a new high in nearly 7 years

 Last Update: 2021-10-21
 Source: Internet
 Author: User

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International oil prices rose significantly on October 11

As of the close of the 11th, the price of light crude oil futures for November delivery on the New York Mercantile Exchange rose 1.

Data show that the price of London Brent crude oil futures broke through $80 per barrel, reaching a high since October 2018; the price of light crude oil futures in New York hit a high since October 2014

According to a CNN report on the 11th, data from the American Gasoline Association (AAA) showed that on the 11th, the average gasoline price in the United States hit a 7-year high, reaching 3.

According to the report, since the outbreak of the new crown pneumonia epidemic, people's travel needs have fallen sharply, and oil prices have also fallen sharply

According to Agence France-Presse, U.

Citigroup said that the transition of energy consumption from natural gas to oil has driven crude oil inventories down, and oil prices may reach US$90 per barrel this winter

Citigroup said that under pressure from major consumer countries such as the United States and India, the Organization of the Petroleum Exporting Countries (OPEC) and its partner countries may double the increase in production to 800,000 barrels per day

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