According to the market on July 5th, the crude oil futures price for September on the Brent Crude came to US$77.16/barrel, increased by 1.3% in a trading day, which was also reached the peak in the recent three years.

Among them, the main reason that stimulated the price increase was the impasse between Suadi Arabia and the United Arab Emirates (UAE). As both of them was the member of OPEC and expected to reach an agreement of increase of crude oil output on July 5th. However, the talks had been broken, because of the different view of point, which further caused the market to worry about the future supply of crude oil.