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International Oil Prices Continue To Rise

U.S. and European crude oil futures continue to rise as Opec cuts production and fears that the United States is reimposing sanctions on Iran.However, the increase in U.S. crude oil inventories has kept prices from rising.WTI crude oil settled at $68.43 a barrel on Thursday (May 3), up $0.50, or 0.7 percent, from the previous session and trading range of $67.21- $68.6.Brent crude settled at $73.62 a barrel in July, up $0.26, or 0.4 percent, from the previous session, trading at $72.47- $74.09.SC crude oil 1809 contract settlement price of 442.6 yuan per barrel, up 1.4 yuan from the previous session, 0.32 percent, trading range of 439.1-448.0 yuan.Volume 111198 hands, holding 21392 positions, adding 4138 hands.The total contract was 111,270 hands, with a holding capacity of 22362, an increase of 4144 hands, and the total amount of the transaction was 492,562 million yuan.

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