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Positive stimulus by the United States, the international oil price strength
Time:2010-11-25   Read:1132second  

Positive U.S. economic data by the stimulation of higher international oil prices 24.
The day the U.S. announced a series of economic data are better than market expectations. The Commerce Department report showed U.S. personal income and spending last month increased 0.5% and 0.4%.
 U.S. Labor Department report released last week, the number of initial claims fell by 40.7 million people, the decline is greater than the market expected.
Reuters / University of Michigan released the latest report of a consumer confidence index showed U.S. consumer confidence index rose to 67.7 from October's 76.1 in November.
In addition, the U.S. Department of Energy inventory report released, as of last week U.S. commercial crude oil (84.310.450.54%) inventories increased by 100 million barrels, gasoline stocks increased 190 million barrels.
By the above factors, a comprehensive international oil prices higher. January next year, the New York Mercantile Exchange, light sweet crude for delivery rose $ 2.61 to close at $ 83.86 a barrel. London Brent crude futures rose $ 2.59 to close at $ 85.84 a barrel. (Chen Gang)

 

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