The original title: New York oil prices rose: 30, what is the cause of the rise?Have any impact on the international oil prices?
The organisation of the petroleum exporting countries (OPEC) the recent round of production, as well as the new sanct
ions against venezuela’s biggest oil producer, pushed crude oil prices rebound, 30 New York oil prices to ris
e.According to xinhua, 30 international oil prices to rise.By the end of the day, the New York mercantile exch
ange on March delivery of light crude oil futures prices rose $0.92, closed at $54.23 a barrel, up 1.73%.March del
ivery on the London brent crude oil futures prices rose $0.33, closed at $61.65 a barrel, up 0.54%.
Since this year, commodity prices have risen by more than 20%, and is expected to usher in one of the best since 2016, a
nd the best ever for a month.Despite the rise in oil prices, but still well below last year in October after a s
harp drop in multi-year highs.According to an expert on energy, the rally may have peaked.