International oil prices fell below 73 U.S. dollars / barrel, the domestic refined oil prices to face downward
Time：2009-11-30 Read：1886second
International oil prices fell sharply yesterday, the international oil price benchmark - in January next year, the New York Mercantile Exchange, crude oil futures contracts for delivery at 18:00 to a minimum bid below 73 U.S. dollars / barrel. 26, the New York Mercantile Exchange due to the Thanksgiving holiday is not trading, London's Intercontinental Exchange, the price of crude oil futures fell 1.45 U.S. dollars a barrel to close at 76.99 U.S. dollars. Yesterday, the New York Mercantile Exchange, crude oil futures contracts trading in Asian electronic trading after the bid all the way down to start trading, a barrel, after hitting 72.39 U.S. dollars the minimum bid.
Jinpeng Futures analyst Yu Meng country, told reporters yesterday that drop in oil prices was mainly due to the debt crisis Dubai World, Dubai World, announced the postponement of repayment of tens of billions of dollars in debt, the news raised fears of a second wave of the financial crisis struck, oil prices, the stock market, etc. were affected. After the international oil price movements, the key depends on the later development of this new situation.
International oil prices continued to fall, will likely lead to the reduction in domestic refined oil prices. According to refined oil pricing mechanism, when the international oil price of 22 consecutive working days moving average price changes more than 4%, it can adjust the domestic prices of refined oil. Prior to a domestic price adjustment has led to the domestic refined oil prices reached record levels. (Zhang Yan)
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