Global crude oil prices hit 3% drop due to worsening epidemic in US
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Update time : 2020-10-22 16:18:53
According to the crude oil market in the world, crude oil prices faced a 3% decline on October 22nd, which also caused the gold prices to hit a week new high.
Among them, the crude oil future price for December in the New York Mercantile was US$40.03/barrel, decreased by 4% from the previous trading day, and the crude oil price in the Brent Crude also faced a 3% drop from yesterday, came to US$41.73/barrel.
The main reason for the huge decline was caused by the worries from the market which believed the worsening epidemic outbreak in the US might further influence the demand for crude oil, plus Lybia showed low interest in cutting their production.
