Commodity News
SunSirs: International Crude Oil Futures Continued to Decline on February 3
February 06 2023 10:00:52
On February 3, international crude oil futures continued the decline of the previous two trading days. The settlement price of the main contract of US WTI crude oil futures was 73.39 US dollars/barrel, with a decrease of 2.49 US dollars or 3.3%. The settlement price of the main contract of Brent crude oil futures was $79.94/barrel, down $2.23 or 2.7%. Oil prices hit a one-month low in the middle of the day. The strong US employment data triggered a hawkish signal from the Federal Reserve. In addition, the market was worried that the European Union would impose more restrictions on Russian refined oil.
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