International crude oil price rises on October 20

On October 20, the U.S. WTI crude oil futures market prices rose, with the settlement price of main contracts at $41.70/barrel, up $0.64. Brent crude oil futures market prices rose, with the settlement price of main contracts at $43.16/barrel, up $0.54. International oil prices rose by more than 1% on Tuesday, mainly due to market expectations that a new US stimulus policy for the epidemic is close to being reached. However, the surge in the number of new cases of the global epidemic has slowed down the recovery expectations of most economies, and the increase in Libya’s oil production has limited the room for oil prices to rise.

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