Sharp rise in international oil prices
Time：2010-03-19 Read：1508second
As the weaker dollar and the Federal Reserve to maintain low interest rates to stimulate the market risk preference, international oil prices rose sharply on the 16th.
Other late dollar against the euro, sterling and other major currencies fell, raising the dollar-denominated oil futures as an alternative investment attractiveness, the international oil price rose.
16 Federal Reserve Open Market Committee meeting, held over the next period of time continue to be maintained at near zero interest rates low, but also to provide upward momentum for oil prices. Typically, at low interest rate policy, investors will be more in order to obtain a higher return on capital investment crude oil and other commodities futures market.
By the above factors to promote, to the day of closing, the New York Mercantile Exchange, light sweet crude for delivery in April futures prices rose 1.9 dollars to settle at 81.70 U.S. dollars a barrel, or 2.4%. London, April Brent crude-oil futures rose 1.13 dollars to close at 79.02 U.S. dollars a barrel. (Yang Lei)
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