By the lower dollar, better-than-expected U.S. corporate earnings and other factors to stimulate the international oil price 20 full recovery.
Day, the Fed announced a reflection of economic conditions across the U.S. Beige Book reported that the current U.S. economic recovery is still slow. Investors that the Fed is likely to adopt quantitative easing monetary policy to stimulate economic recovery, so the dollar fell, while the dollar-denominated commodity price hikes.
20, including Wells Fargo, Boeing, Intel and other American companies report earnings from the United States better than expected corporate earnings, which also contributed to the strong energy market prices.
U.S. Department of Energy inventory report released the same day, as of last week U.S. commercial crude oil inventories increased by 70 million barrels to 3.612 million barrels, the rate of increase is less than the market expected. Gasoline stocks increased by 120 million barrels to 2.193 million barrels. Including heating oil, refined oil inventories fell 220 million barrels to 1.701 million barrels.
By the above factors, international oil prices to rebound after a sharp decline in the previous session. To the closing day of the New York Mercantile Exchange, light sweet crude for November delivery rose $ 2.28 futures price to close at $ 81.77 a barrel. London Brent futures rose $ 2.50 to close at $ 83.60 a barrel. (Chen Gang)