Oil futures in Europe and the United States tend to stabilize

2019-12-24 12:01:43

The oil futures market continues to be affected by the optimistic atmosphere of Sino US trade improvement, but Russia intends to slow down production reduction next year, Saudi Arabia and Kuwait are close to reaching a resumption of oil field production in the neutral zone, and the rise of European and American crude oil futures is limited. Monday (December 23) New York Mercantile futures exchange West Texas light oil futures settled at $60.52 per barrel in February 2020, up 0.08 or 0.1% from the previous trading day, with a trading range of $60.10-60.77; London Intercontinental Exchange Brent crude oil futures settled at $66.39 per barrel in February 2020, up 0.25 or 0.4% from the previous trading day, with a trading range of 65.81-66.62 US dollars.

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