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International oil prices rose for five consecutive days to record the largest weekly increase since March

 Last Update: 2022-10-18
 Source: Internet
 Author: User

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The decision of the Organization of Oil Producing Countries to cut production has triggered market concerns about tighter supply, and international oil prices have risen
for five consecutive trading days.
As of the close of trading on October 8, Beijing time, the price of WTI crude oil futures for November delivery rose 4.
74% to close at $92.
64 / barrel; Brent crude oil futures for December delivery rose 3.
71% to close at $97.
92/bbl
.

So far, stimulated by the news of the sharp production cut of OPEC+ organizations, international oil prices have risen for five consecutive trading days this week, and recorded the largest weekly increase since March this year: WTI crude oil rose from below $80 / barrel to above $90 / barrel, with a cumulative increase of 16.
5%, and cloth oil rose by more than 10%.

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