Home Business The price of Brent crude oil futures rose to US$85 per barrel, reaching a new high since October 2018

The price of Brent crude oil futures rose to US$85 per barrel, reaching a new high since October 2018

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Original title: Brent crude oil futures prices rose to $85 per barrel, reaching a new high since October 2018 Source: Overseas Network

The Russian Satellite News Agency reported on the 15th that international oil prices have been rising continuously over the past few days. The price of Brent crude oil futures has exceeded US$85/barrel, reaching a new high since October 2018.

Data show that on the 15th, the price of Brent crude oil futures in December rose by 1.21% to $85.02 per barrel. The price of WTI crude oil futures in November rose by 1.12% to $82.22 per barrel. Brent and WTI oil prices rose by an average of 0.7% to 0.8% that day.

On October 4, OPEC issued a statement stating that in view of the fundamentals of the current oil market and the consensus on the market outlook, it reconfirmed the previous production adjustment agreement, which is to increase the average daily supply of crude oil by 400,000 barrels from August 2021. , November production policy will continue to be implemented as such. International oil prices have risen accordingly.


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See also  Crude oil futures closed higher, the market looks forward to a few months later demand is expected to increase | US dollar-Finance News

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