OPEC's prospects for increasing production are facing challenges, but the dollar rebounded. Oil prices rose slightly on Monday.

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Abstract US WTI crude oil December futures closed up $0.08, or 0.12%, at $69.36 a barrel on Monday (October 22). Brent crude December futures closed up $0.05, or 0.06%, to $79.83 a barrel. although...

US WTI crude oil December futures closed up $0.08, or 0.12%, at $69.36 a barrel on Monday (October 22). Brent crude December futures closed up $0.05, or 0.06%, to $79.83 a barrel. Although Saudi Arabia promised to continue to increase production, the incident of missing journalists is likely to trigger variables, and the United States is about to implement a second round of Iranian sanctions. This makes supply anxiety still serious, but the dollar’s ​​return to the top of the 96 mark has limited space for oil prices to rise. US WTI crude oil futures price hit a high of 69.84 US dollars / barrel, Brent crude oil futures price hit a maximum of 80.41 US dollars / barrel.

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