go go go ..bull coming
Oil prices continue to climb, rising for the eighth consecutive week.
Source: China Petroleum & Chemical Corporation News Website Author: Li Yong Time: 2021-10-19 10:40
According to the report from World Oil on October 18, stimulated by the approaching energy crisis of the winter season, after rising for the eighth consecutive week, oil prices again increased on Monday.
Last week, the price of New York crude oil futures rose by 3.7%, breaking through $83 per barrel, marking the longest weekly increase since 2015. Due to the shortage of henry hub natural gas, the power generation industry has increased its demand for petroleum products such as fuel oil and diesel. This coincides with major economies recovering from the pandemic.
Earlier on Monday, West Texas Intermediate crude oil reached its highest level in nearly seven years, while global benchmark Brent crude oil broke through $85 per barrel for the first time since the end of 2018 on Friday. The OPEC+ alliance is still only increasing monthly supply. Some member countries are even unable to meet current output targets.
Source: China Petroleum & Chemical Corporation News Website Author: Li Yong Time: 2021-10-19 10:40
According to the report from World Oil on October 18, stimulated by the approaching energy crisis of the winter season, after rising for the eighth consecutive week, oil prices again increased on Monday.
Last week, the price of New York crude oil futures rose by 3.7%, breaking through $83 per barrel, marking the longest weekly increase since 2015. Due to the shortage of henry hub natural gas, the power generation industry has increased its demand for petroleum products such as fuel oil and diesel. This coincides with major economies recovering from the pandemic.
Earlier on Monday, West Texas Intermediate crude oil reached its highest level in nearly seven years, while global benchmark Brent crude oil broke through $85 per barrel for the first time since the end of 2018 on Friday. The OPEC+ alliance is still only increasing monthly supply. Some member countries are even unable to meet current output targets.
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Bank of America and Wells Fargo & Co's financial reports are better than expected.
Stocks related to economic recovery are generally rising.
With the increase in oil prices and demand, most energy stocks including Diamondback Energy and Occidental Petroleum have risen.
Go Go Go,ale ale ale
Stocks related to economic recovery are generally rising.
With the increase in oil prices and demand, most energy stocks including Diamondback Energy and Occidental Petroleum have risen.
Go Go Go,ale ale ale
Translated
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