Crude oil prices increase on Oct 22nd, stimulated by US’ stimulus
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Update time : 2020-10-23 20:14:29
According to the market on October 22nd, the process of the stimulus from the US government seemed to get some parts of consensus with the Democratic Party.
The good news stimulated the crude oil prices to increase, the market turned optimistic about the future of the crude oil demand.
Among them, the crude oil price in the West Texas Intermediate for December was US$40.64/barrel, increased by around 1.5% from the previous trading day; the crude oil price in the Brent Crude for December also increased US$0.73/barrel from the previous day, came to US$42.46/barrel.
