Industry News

Global crude oil prices hit 4-month new high

Views : 236
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.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices