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U.S. stocks rose by a weaker dollar and other factors promoting the international oil prices ended four Lianyin 20, launched a strong rebound, approaching 75 dollars per barrel.
New York Stock Exchange's main index rose across the board that day, and 4 months to hit a new high. In recent weeks the overall positive economic data released, easing investors think the economy might fall into the second recession fears, to promote the three major stock indexes rose for three consecutive weeks. Investor confidence and stimulate the market risk preferences, supporting the formation of the international oil prices.
The dollar fell on the 20th, also contributed to dollar-denominated crude oil futures prices.
In addition, connecting Canada and the U.S. Midwest refineries due to oil spill shut down a major pipeline for a week, the market expects U.S. crude oil inventories probably fell as so many investors bullish on energy futures.
By the above factors, the New York Mercantile Exchange, October light sweet crude for delivery in 20 intraday high of 75.45 U.S. dollars per barrel; closed up 1.20 U.S. dollars to close at 74.86 U.S. dollars a barrel.
London, November Brent crude oil futures rose 1.11 U.S. dollars to close at 79.34 U.S. dollars a barrel. (Enjoyment)
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