 Home > Chemicals Industry > Petrochemical News > The economic recovery boosted oil demand, and international oil prices rose significantly on October 11

The economic recovery boosted oil demand, and international oil prices rose significantly on October 11

 Last Update: 2023-03-27
 Source: Internet
 Author: User

Tags

crude oil pictures

what's crude oil

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

In the crude oil market, the economic recovery boosted oil demand
.
At the same time, coal and natural gas prices have soared, causing more power suppliers to switch to crude oil for power generation
.
All of the above factors pushed international oil prices to continue their upward momentum
on Monday.
As of the close, New York light crude futures for November delivery stood above the $80 per barrel integer mark for the first time in nearly seven years, closing at $80.
52 per barrel, up 1.
47%; London Brent crude futures for December delivery settled at $83.
65 a barrel, a three-year closing high, up 1.
53 percent
.

Although the United States again called on OPEC to increase production on Monday and said it would consider using all means to cool oil prices, some analysts pointed out that the United States can sell up to 60 million barrels of strategic reserve crude oil, but this figure does not prevent oil prices from moving
towards the next mark of $90 per barrel.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

paraffin wax 56 58 60 62 64

CAS No.: 8002-74-2

industry Grade

$800-880/MT FOB

semi-refined paraffin wax 56 58 60 62 64

CAS No.: 8002-74-2

industry Grade

$800-880/MT FOB

PARAFFIN SEMIFINED

CAS No.: 8002-74-2

industry Grade

$800-880/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.