International oil prices wiped out all gains this year as Saudi Arabia said The country will freeze output only if Iran and other countries participate. 【Textile】
The West Texas Intermediate oil contract for May delivery on the New York Mercantile Exchange tumbled 4% ($1.55) on Friday to settle at $36.79 a barrel, the lowest since March 15.
2:46 pm local time, total transaction The volume was 10% lower than the 100-day average volume, and the weekly decline was 6.8%. It was also the first single-week decline since mid-February.
New York oil prices rose 3.5% in the first quarter. The Brent crude oil contract for June delivery on London’s ICE Futures Europe fell 4.1% ($1.66) to $38.67 a barrel. Brent is at a premium of 47 cents to June WTI. 【Tent Oxford cloth】
The recent rebound in oil prices has been mainly boosted by the world’s major oil-producing countries’ intention to freeze production. However, Saudi Prince Mohammed bin Salman said on Friday that if Iran and other major oil-producing countries do not cooperate, Saudi Arabia will not increase production alone. freeze, which poses hidden dangers to the prospects of the production freeze agreement.
Saudi Arabia now says only all countries will participate in it Only then will the production be frozen, so the meeting will be meaningless, because Iran will definitely continue to increase production. 【Luggage Oxford cloth】
The world’s major oil-producing countries plan to hold talks in Doha, the capital of Qatar, on April 17 to discuss an output freeze agreement. However, Iran still insists that it will not consider limiting output until it returns to pre-sanctions levels.
Suzhou Textile—Oxford cloth manufacturer ：www.wcxfz.com
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