On January 27th, international crude oil futures rose. The settlement price of the March WTI crude oil futures contract in the United States was $62.39 per barrel, an increase of $1.76 or 2.9%. The settlement price of Brent crude oil futures in April was $66.59 per barrel, an increase of $1.82 or 3.0%.
The article reported a significant increase in international crude oil futures prices on January 27th, with WTI crude oil's March contract settlement price rising by 2.9% and Brent crude oil's April contract settlement price rising by 3.0%. This indicates that the market is optimistic about the outlook for crude oil demand, which may be driven by global economic recovery or supply constraints. The rise in futures prices usually indicates that spot prices will follow suit, as market sentiment is positive and demand expectations are strengthened, forming strong positive news for the crude oil spot market.
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