International oil prices rose on October 28, with New York crude closing at $102.78

On October 28, international crude oil prices displayed an upward trend. By the close of trading that day, the New York Mercantile Exchange's December light crude oil futures price rose by $2.88 to settle at $102.78 per barrel, an increase of 2.88%. Similarly, December delivery Brent crude oil futures in London climbed $1.44, closing at $115.32 per barrel, up 1.26%. This round of oil price increases was supported by multiple factors, including potential supply disruptions caused by geopolitical tensions and market expectations for increased energy demand in winter. The future trajectory of crude oil prices will continue to be influenced by global supply and demand dynamics, as well as overall macroeconomic conditions.