Peking time in the early hours of the 8th, international oil prices rose on Thursday. The market continues to weigh the consequences of Trump's presidency and the latest interest rate decision by the Federal Reserve.

The December delivery WTI crude oil futures price on the New York Mercantile Exchange rose by 67 cents, an increase of 0.93%, closing at $72.36 per barrel.

The settlement price for December delivery of Brent crude oil futures on the Intercontinental Exchange in Europe rose by 71 cents, an increase of 0.95%, closing at $75.63 per barrel.

The market generally believes that sanctions against Iran under Trump's administration may lead to a decrease in the supply of the crude oil market.

The Federal Reserve announced a 25 basis points rate cut on Thursday, in line with market expectations.