Steel News

We strive to let you one step ahead of the market.

Crude oil prices increase on Oct 22nd, stimulated by US’ stimulus

23 Oct 2020 14:36 reported by Jordan Huang

A A A
According to the market on October 22nd, the process of the stimulus from the US government seemed to get some parts of consensus with the Democratic Party.

The good news stimulated the crude oil prices to increase, the market turned optimistic about the future of the crude oil demand.

Among them, the crude oil price in the West Texas Intermediate for December was US$40.64/barrel, increased by around 1.5% from the previous trading day; the crude oil price in the Brent Crude for December also increased US$0.73/barrel from the previous day, came to US$42.46/barrel.

Back to Steel News

Related News

Freight rates of US & Canadian exports to Taiwan increase with shortages of containers

  • Others
  • 3 Dec 2020 13:52

CPCA: China’s average daily retail sales of passenger cars increases in Nov y-o-y

  • Others
  • 3 Dec 2020 11:53

Crude oil price touches 1-week bottom on Dec 1

  • Others
  • 2 Dec 2020 15:47

China’s automobile manufacturing industry’s realized profit grows in Jan-Oct

  • Others
  • 30 Nov 2020 12:11

Container freight rate skyrockets 300%, serious short-supply

  • Others
  • 26 Nov 2020 15:07

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,725.00
  • 2,745.50
  • Aluminum
  • 2,051.50
  • 2,062.00
  • Copper
  • 7,616.50
  • 7,623.00
  • Nickel
  • 15,850.00
  • 15,906.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,480
  • 2,340
  • NO1 Coil-Jan
  • 2,450
  • 2,310
  • 2B Coil-Jan
  • 2,480
  • 2,340
  • NO1 Coil-Jan
  • 2,450
  • 2,310

Learn more