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The level of international oil prices return to 80 U.S. dollars
Time:2010-02-26   Read:1619second  
  As Federal Reserve Chairman Ben Bernanke reiterated that it will for some time to maintain low interest rates caused the dollar, a rebound in international oil prices rose 24 per barrel 80 U.S. dollars.
    Federal Reserve Chairman Ben Bernanke told a congressional committee the same day that the U.S. economy is still in the recovery process of the "initial", so the Fed will still be the benchmark interest rates remain at a low level to facilitate the government's stimulus package after the expiry of personal consumption and business demand.
    Bernanke's statement last week, the Fed eased interest emergency loans to improve bank market after further tightening of monetary policy concerns, the market risk appetite increased, the U.S. dollar against the euro and other major currencies fell, pushing dollar-denominated oil futures prices.
    Meanwhile, the U.S. Department of Energy's Energy Information Administration report released on the 24th showed that as of February 19 for a week, although the U.S. commercial crude oil inventories rose 3.03 million barrels, but gasoline stocks and including diesel, heating oil Distillate inventories, including a drop of 895,000 barrels and 59.1 million barrels. The report also shows that within the last four weeks, the U.S. average daily fuel consumption compared to same period last year increased by 1.3%, to a certain extent on the energy consumption, boost investor confidence in the future, but also increased the upward momentum in oil prices.
    Suffering from the above factors, the New York Mercantile Exchange, light sweet crude for delivery in April futures prices rose 1.14 dollars to close at 80.00 U.S. dollars a barrel. London, April Brent crude futures rose 84 cents to settle at 78.09 U.S. dollars a barrel. (Yang Lei)
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