Global crude oil price plunges to new low in May
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Update time : 2021-05-14 22:36:17
According to the crude oil market in the world, the crude oil prices showed a plunge from four consecutive increase, which also touched the new low point of May.
The main reason for the plunge in crude oil price was caused by the resuming of the case of crude oil shortage in the US, which has been attacked by internet hacks in the past few days.
Among them, the crude oil futures price for June in the West Texas Intermediate (WTI) on May 13 was US$63.82/barrel, decreasing by 3.4% from the previous trading day; the crude oil futures price for July in the Brent Crude at the same day came to US$67.05/barrel, dropping by nearly 3.3% in a trading day.
