Industry News

Global crude oil price reaches 6-week peak on Apr 28

Views : 233
Update time : 2021-04-29 19:26:15
According to the market price of crude oil on April 28th, the crude oil futures price for June on the West Texas Intermediate showed US$63.86/barrel, increased by 1.5% in a trading day, and the crude oil futures price for June on the Brent Crude showed US$67.27/barrel, increased by 1.3% from the previous trading day.

Among them, the main reason for the strong increase was benefited by the optimistic attitude from the Organization of the Petroleum Exporting Countries (OPEC) on April 27th, which decided to increase their crude oil production gradually, confidence in the future demand of the world.
Related News
Read More >>
India’s stainless steel industry calls for greater government support India’s stainless steel industry calls for greater government support
Nov .05.2025
India’s stainless steel industry calls for greater government support
HRC prices remain firm in European market HRC prices remain firm in European market
Nov .05.2025
HRC prices remain firm in European market
Acerinox's melting shop production increases by 8% in Q1-Q3, 2025 Acerinox's melting shop production increases by 8% in Q1-Q3, 2025
Nov .05.2025
Acerinox's melting shop production increases by 8% in Q1-Q3, 2025
North American Stainless improves production with KOCKS RSB® 370++/6 North American Stainless improves production with KOCKS RSB® 370++/6
Nov .05.2025
North American Stainless improves production with KOCKS RSB® 370++/6