Cases

Contacts

Contacts: Mr. Derek.Cheng

Tel: 86-592-5536328

Fax: 86-592-5536328

Contact Now

Mail Us

International oil prices plummeted by more than 8%

2021-08-23

Global Silicone Network News: International oil prices continued to fall this week. As of the close of this morning, WTI October crude oil futures fell 2.14% to $62.14 per barrel, a cumulative decline of about 8.5% this week. Brent's October crude oil futures fell 1.91% to $65.18 per barrel, a cumulative decline of about 7.3% this week. WTI crude oil futures and Brent crude oil futures both recorded their biggest weekly declines since November 2020.

Analysts believe that the decline in international oil prices reflects on the one hand the weakening of the market’s expectations for economic recovery under the background of the continued spread of the Delta Covid-19 pandemic, and the strong U.S. dollar. Investors are avoiding risky assets. On the other hand, the Fed has hinted that it will be The start of reducing asset purchases within the month also suppressed oil prices.

Xiamen Juguangli Import & Export Co., Ltd

products

Quick links

Company Profile Factory Tour Quality Control news Cases Sitemap Privacy Policy

news

Cases

International oil prices plummeted by more than 8%

Silicone Rubber Keypads

Conductive Rubber Keypads

Rubber O Rings

Silicone Rubber Parts

Silicone Rubber Gasket

Silicone Rubber Sleeving

Silicone Rubber Grommet