Crude oil prices continued to rise this week, the price of polyester filament has been differentiated, the price of large polyester yarn is higher, small factories are mainly to inventory, as the market gradually fades, weaving enterprises are caught in the contradiction of whether to start or not.

International oil prices: continued to rise

After entering June, the world began to usher in the peak season of oil consumption, while the demand gradually picks up, Opec + is still implementing the production reduction policy in the third quarter, so the fundamentals of the crude oil market are expected to improve, thus promoting oil prices to rise again.

The third quarter is traditionally the peak period for global crude consumption, when a recovery in gasoline demand helps boost oil markets. In addition, summer is prone to disastrous weather, once the local oil production area due to force majeure and supply disruptions, will support oil prices in a short period of time. Supply also continues to play a supporting role in the oil market, Opec + the current crude oil production reduction policy will continue until the end of the third quarter, so the fundamentals of the crude oil market in the third quarter are still good as a whole, thus promoting oil prices to maintain a high level of operation.

On Monday, WTI crude oil futures closed up more than 2.39 percent at $80.33 per barrel. Brent crude futures settled up more than 1.97 percent at $84.25 a barrel.

On Tuesday (June 18), international oil prices rose across the board, and the US oil contract for August rose 1.33% to $80.78 / barrel. The August crude oil contract was up 1.35 percent at $85.39 a barrel.

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