According to the market on June 8th, the crude oil price has resumed to the 2-year new high, mainly supported by the increasing demand in the US.

Among them, the crude oil closing price showed over US$70/barrel in the West Texas Intermediate, which strongly stimulated the global crude oil market.

Moreover, the crude oil futures price for August on the Brent Crude came to US$72.22/barrel, increased by nearly 1% in a trading day, which was also the highest point since May of 2019.