On the February 24th, the international oil price once exceeded the $100 per barrel mark, and then the increase narrowed
In terms of oil prices, the situation in Russia and Ukraine has caused concerns about the supply prospects of the international crude oil market. International oil prices exceeded the $100 per barrel mark, with New York crude oil futures prices rising by more than 9% in the day, and Brent crude oil futures prices rising by more than 7%. But U.S. President Joe Biden has since said that the U.S. will release more oil from the Strategic Petroleum Reserve (SPR) "if conditions permit." The news caused oil prices to retreat, and at the close, April crude oil futures in New York rose 0.77%, while Brent crude oil futures rose 2.31%.
Since both non-woven fabrics and plastics are refined products of petroleum, the increase in crude oil prices directly affects the price increase of polypropylene and polyethylene materials. This has greatly affected the price stability of our disposable medical consumables products.
