In the early morning of the 19th Beijing time, US WTI crude oil futures closed slightly higher on Monday, setting the highest intraday price level since 2014.
Phil Flynn, a senior market analyst at The Price Futures Group, said the high price of crude oil futures increased the possibility of undermining demand in the energy market.
West Texas Intermediate (WTI) for November delivery rose 16 cents, or 0.2%, to $82.44 a barrel on the New York Mercantile Exchange. At one point today, the futures price rose to $83.87, the highest intraday price since 2014.