Global crude oil price reaches 1-month high on Apr 15
According to the market on April 15th, the crude oil future prices showed four consecutive days’ increase, which also reached the highest level within a month.
Among them, the main reason for the strong crude oil price was benefited by the stock level decrease in the US, and the latest official data showed the American highway traffic has surpassed the level before the Covid-19 outbreak, which showed the crude oil demand was resuming gradually.
On April 15th, the crude oil future price for May on the West Texas Intermediate was US$63.46/barrel, and the crude oil future price on the Brent Crude showed US$66.94/barrel, both increased by around 0.5% in a day.
