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International oil prices broke $100 per barrel

 Last Update: 2023-03-10
 Source: Internet
 Author: User

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The international crude oil spot price exceeded $100 per barrel on February 16
.

According to data from Platts Energy Information in the United States, the spot price of Brent crude oil in the British market in the North Sea reached $100.
8 per barrel on the 16th, the first time since 2014 to break 100
.

Bloomberg News reported on the 17th that the spot price of Spot Brent is the world's most important crude oil price, at the center of the complex crude oil derivatives network, and is the price benchmark
for millions of barrels of crude oil traded every day.

Affected by the spot price of spot Brent exceeding $100 per barrel, the price of international crude oil futures briefly exceeded $
96 per barrel on the same day.

Bloomberg analyzed that the recent rise in international oil prices is mainly due to the demand for crude oil exceeding the expectations
of the International Energy Agency and other organizations.

Expanding demand for crude oil and the failure of producers such as the Organization of the Petroleum Exporting Countries to increase production as promised by them have contributed to the rise in oil prices
.

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