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    Home > Chemicals Industry > Petrochemical News > International crude oil prices rose 3% Brent crude oil exceeded $80 per barrel

    International crude oil prices rose 3% Brent crude oil exceeded $80 per barrel

    • Last Update: 2023-02-01
    • Source: Internet
    • Author: User
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    Due to factors such as the rapid activity of China's economy, the price of international crude oil futures rose sharply, up by 3%, and Brent crude oil futures exceeded $
    80 per barrel.

    The UAE "Manifesto" reported that China is the world's largest crude oil importer, China's economic recovery has a great impact on the international oil market, as of 13:12 GMT on the 9th, London Brent crude oil futures rose $2.
    38, or 3.
    03%, to $80.
    95 per barrel, and West Texas Intermediate crude oil rose $2.
    36, or 3.
    2%,
    to $76.
    13 per barrel.

    Saudi Arabia's "Middle East" reported on January 10 that the Chinese government has adjusted its epidemic prevention policies, the country's rapid economic activity, which has a great impact on global tourism, and international crude oil prices have also risen
    sharply.
    The report pointed out that at 14:46 GMT on the 9th, Brent crude oil futures reached $80.
    40 per barrel, and West Texas Intermediate crude oil in the United States was $75.
    60 per barrel, up 2.
    4%, and last week, Brent crude oil and U.
    S.
    crude oil fell more than 8%, the largest weekly decline since the beginning of 2016
    .
    Ricardo Ivangelista, senior analyst at ActivTrades, said the rise in oil prices was taking place against the backdrop of a quick recovery of the Chinese economy, which played an important role
    in changing the outlook for oil demand.
    China is the world's second largest oil consumer, and the adjustment of China's epidemic prevention policies and economic recovery have raised market expectations for fuel demand, easing the international community's fears
    of a global recession to some extent.

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