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International Oil Price Rose On The 11th, Closed At $69.25 Per Barrel
Sep 12, 2018

According to the Energy Outlook report released by the US Energy Information Administration on the 11th, the average price of New York light crude oil futures is expected to be 67.03 US dollars per barrel in 2018, and the average price of London Brent crude oil futures is expected to be 72.84 US dollars per barrel, respectively, compared with the forecast in August. Increase by 1.2% and 1.5%.

The report said that the average price of New York light crude oil futures in 2019 is expected to be 67.36 US dollars per barrel, and the average price of London Brent crude oil futures is expected to be 73.68 US dollars per barrel, which is 4.7% and 4.4% higher than the August forecast.

By the end of the day, New York Mercantile Exchange , the future price of light crude oil delivering in October rose by $1.71 and closed at $69.25 a barrel with an increase of 2.53%. the future price of London Brent crude oil delivering in November rose by $1.69 and closed at $79.06 a barrel with a increase of 2.18%.


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