Reasons for the sharp rise in international oil prices on the 3rd.

Xinhua News Agency, new york, 65438+3 10-3 (Reporter Liu Yanan) International oil prices rose sharply on the 3rd due to the market expectation that OPEC and non-OPEC oil producers will launch large-scale production reduction measures.

As of the close of the day, the futures price of light crude oil for delivery in the New York Mercantile Exchange 165438+ 10 rose by $ 4. 14 to close at $83.63 per barrel, with an increase of 5.21%; London Brent crude oil futures for February delivery rose by $3.72 to close at $88.86 a barrel, with an increase of 4.37%.

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