The closing yesterday closed, and international oil prices plummeted , which brought the current price of Brent crude oil back below $73/barrel, and US crude oil also fell back to the range of $68/barrel, which caused a new oil price adjustment to be made next week. There is a lot of hopes to achieve a sharp drop in oil prices .
latest international oil price: As of the close of November 27, New York Mercantile Exchange light crude oil futures price delivered in January 2022 fell by US$10.24, fell by 13.06% , closing at US$368.15 per barrel ; London Brent crude oil futures price delivered in January 2022 fell by US$9.53, fell by 11.59% , closing at US$372.72 per barrel .
Oil price adjustment latest news: Oil price will be adjusted next week's at 24:00 on on November 3. It is currently expected that will lower the oil price by 125 yuan/ton (0.10 yuan/liter-0.11 yuan/liter), but this data has not yet calculated yesterday's international plunge into . If you want to know in advance how much the oil price will eventually fall , please follow the official account news.
latest news on international oil prices
plummet oil prices marks a huge change in market sentiment. OPEC+ has previously warned that will reconsider its potential production increase plan if other countries continue to release reserve oil. Now, it also has to consider how severe the impact of the new variant is. UBS said on Friday that OPEC+ may choose to suspend its current plan to increase production by 400,000 barrels per day, and it is possible that it may even cut production.
sources said OPEC+ is closely following the development of the latest virus variant , and some expressed concern that this could worsen the oil market outlook less than a week after the meeting on policy formulation. According to a survey by an expert panel advising OPEC minister, the release of US-led strategic oil reserves may increase supply in the coming months, an OPEC source said. These forecasts cast a shadow on the prospects of the December 2 meeting, when OPEC will discuss whether to adjust plans to increase production by 400,000 barrels per day in January and beyond. Bob McNally, president of Rapidan Energy Group, consulting firm and former White House official, said the emergence of new variants of may lead to new epidemic prevention blockades and travel restrictions, which may prompt ministers to deviate from changes in market conditions in their original (increase production) plans.
know the rise and fall of oil prices in advance, please pay attention to the headline account of "Oil Prices Early"
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