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International oil prices fell sharply
Source:Fertilizer Net   Author:Chen Gang   Time:2010-06-05   Read:1327second  

By less than expected U.S. jobs data and the euro against the U.S. dollar dropped to a 4 year low and other factors, a substantial decline in international oil prices on the 4th.
U.S. Labor Department announced in May non-farm sector employment report showed the additional month the United States 431,000 jobs, but excluding the United States Government because of the temporary employment census, 40 million people, the private sector added jobs only 4.1 million people, the data below market expectations, allowing investors to solve the unemployment problem and the United States worried about the prospect of economic recovery.
Hungarian public finances may be exposed as a problem, investors worried that the debt crisis in the future of Greece, the euro against the U.S. dollar hit a 4 on 4-year low. The euro against the U.S. dollar fell below 1.20 U.S. dollars 1 euro to the key point position, which led to dollar-denominated energy prices across the board.
To the closing, the New York Mercantile Exchange in July, light sweet crude for delivery fell 3.10 U.S. dollars to close at 71.51 U.S. dollars a barrel. London Brent crude oil futures fell 3.32 U.S. dollars to close at 72.09 U.S. dollars a barrel. (Chen Gang)

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