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WTI’s crude oil price touch 7-year new high

27 Oct 2021 17:01 reported by Jordan Huang

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Followed by the shortage of crude oil supply in the world, the crude oil price kept growing recently, even touching a 7-year new high on October 26th.

From some of the views from the market participants, it seemed OPEC did not tend to change their production policy, which might further stimulate the crude oil price to increase, and that might be a serious threat to the global economy.

On October 26th, the crude oil futures price for December came to US$84.65/barrel, increasing by 1.1% on a trading day.

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