The international oil price 80 U.S. dollars a barrel
Time：2010-03-09 Read：1676second
As the U.S. dollar fell, strong economic data offset the increase in U.S. commercial inventories of crude oil-expected impact on the 3rd international oil prices to continue upward to close 80 U.S. dollars a barrel.
The same day, the U.S. Department of Energy's Energy Information Administration released data show that, as of February 26 for a week, the U.S. commercial crude oil inventories increased by 4.1 million barrels a substantial, far more than the market expected 1.4 million barrel increase; In addition, gasoline Inventory growth has exceeded market expectations. The report was released, the New York market, oil prices fell in intraday trading.
However, the recent trend of international oil prices and U.S. dollar trend is clearly negative correlation, 3 Greece 4.8 billion euros was announced austerity measures to cut the deficit, the euro rose strongly against the dollar, a weaker dollar to stimulate the market for crude oil futures risk preferences, promotion of international oil prices upward.
In addition, the day of release of the U.S. private sector employment data and the services data are better than market expectations, boosted investor demand for energy for economic recovery and confidence in the future, but also to provide support for oil prices.
To 3 pm close of the New York Mercantile Exchange, light sweet crude for delivery in April futures prices climbed 1.19 dollars to close at 80.87 U.S. dollars a barrel. London, April Brent crude-oil futures rose 1.07 dollars to close at 79.25 U.S. dollars a barrel. (Yang Lei)
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