Global crude oil prices hit 4-month new high
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Update time : 2020-07-22 16:16:45
The market was optimistic about the short-term future global economic performance, mainly because of the stimulated policies from the EU and the US.
After the news had been published on July 25th, the crude oil prices in the New York Mercantile Exchange increased by US$1.15/barrel, coming to around US$41.96/barrel; the crude oil prices in the Brent Crude also increased by US$1.04/barrel, reaching around US$44.32/barrel, a four-month high.
The market expected that the US government might publish the new round economic stimulating policy, and there was also some good news of the vaccine development from a few of the Vaccine Research and Development Organizations, which eased the worries from the market about the Covid-19 epidemic.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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