The rebound of the US dollar lost its momentum to boost commodity prices priced in US dollars. At the same time, the rise in the stock market also boosted energy prices. Crude oil futures resumed their rise and ended up collectively higher. New York crude oil rose 1.8% to close at $53.21, for six consecutive trading gains, and hit its highest level since February 21.
Tag: gasoline
Crude Oil Rises Sharply in November
Crude oil futures closed down slightly on Monday. However, throughout November, due to good news about coronavirus vaccine development, crude oil closed sharply higher this month. The United States and Europe’s new coronavirus pneumonia cases continue to rise.
Iranian Oil Tanker Arrives in Venezuela
A tanker from Iran recently arrived in Venezuela with condensed gas to produce gasoline, circumventing the sanctions imposed by the United States against both countries, Venezuelan Foreign Minister Jorge Arreaza announced. The announcement was made via the social media network, Twitter.
Tuning Box Market Increasing Rapidly
Automobile manufacturers generally design engines and limit it electronically to produce approximately 20 – 40% less power than it is naturally capable of, to comply with the stringent regulations, fuel grade, climate etc.
Isooctane Market to Increase Considerably
The global isooctane market is estimated to value at approximately $99 billion in 2019, and is expected to register a CAGR of 2.1%. The first five-year cumulative revenue (2019–2023) is projected to be over $517 billion, which is expected to increase considerably over the latter part of the five-year forecast period.
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