International oil prices have surged more than 30 per cent in just over two months to a seven-year high

2022-05-07 0 By

On February 4th the price of New York light crude rose above $91 a barrel for the first time in seven years, while Brent stood at $92.It would also be the seventh consecutive week of oil price increases.Light crude oil for March delivery was quoted at $91.66 a barrel, up 1.54%, on the New York Mercantile Exchange at 17:00 On February 4, Beijing time.London Brent crude for April delivery closed 1.47% higher at $92.41 a barrel.Statistics show that since the beginning of December last year, crude oil prices have started a continuous upward pattern, brent and WTI crude oil settlement prices rose 33.11% and 40.93% respectively.