Business trends

International trends

Hope that vaccine will come into market and international oil price will rise again

 The hope that the new coronavirus pneumonia vaccine is expected to go on the market exceeds the negative impact of a new round of blockade in Europe and the repeated record high new patients in the United States on fuel demand, and international oil prices continue to rise. After the close of European and American crude oil futures, the data released by American Petroleum Institute showed that US crude oil inventory continued to decline last week, and international oil price further rose in after hours electronic trading, with WTI breaking through $42 per barrel. On Tuesday (November 10), the settlement price of West Texas light oil in December 2020 on the New York Mercantile futures exchange was $41.36, up $1.07, or 2.7%, from the previous trading day, with a trading range of 39.41-41.46; the settlement price of Brent crude oil in January 2021 on the Intercontinental Exchange of London was $43.61, up $1.21, or 2.9%, over the previous trading day, with a trading range of 41.55-44.0 Seven dollars.