Xinhua News Agency, New York, March 7 (Reporter Liu Yanan) Affected by the escalation of tensions in the Middle East, international crude oil futures prices continued to rise significantly after the start of a new week of trading on the evening of the 7th.
The price of London Brent crude oil futures for delivery in May 2021 broke through the $70 mark per barrel, the highest point in more than a year.
As of 19:20 EST, the price of London Brent crude oil futures for delivery in May rose to US$71.16 per barrel, and the price of light crude oil futures for delivery in April 2021 on the New York Mercantile Exchange rose to the highest. US$67.86 per barrel.
The multinational coalition led by Saudi Arabia on the 7th air strikes a Houthi military camp in the central city of Sana’a, the capital of Yemen, injuring at least three people.
The Saudi Ministry of Defense confirmed that an oil storage facility located in the eastern port city of Ras Tanura was attacked by a drone from the sea on the 7th local time, but it did not cause any loss of life or property.
Affected by OPEC and partner countries’ production cuts in April, international crude oil futures prices have risen continuously for the previous three trading days. The prices of London Brent crude oil futures for delivery in May and New York light crude oil futures for delivery in April have both increased. More than 10%.