Global crude oil price rebounds slightly on Dec 29
According to the market news, the crude oil price in the West Texas Intermediate on December 29th was US$48/barrel, which increased by US$0.38/barrel from December 28th.
Moreover, the crude oil price in the Brent Crude also showed an increase of US$0.33/barrel from the previous trading day on December 29th, which came to US$51.23/barrel.
The main reason for the strong crude oil price was due to the increasing fiscal amount of epidemic relief program from the US government, boosting demand for fuel.
