International oil prices on Thursday (November 25) the European market fell in early trading, pared some gains yesterday, as the market is still worried about the debt crisis in Europe and the U.S. market, trading was light before the Thanksgiving holiday on Wednesday announced strong U.S. economic data did not impact on the market large.
NYMEX 12 month crude futures fell $ 0.20 offer to $ 83.66 / barrel on Wednesday settled up $ 2.61, $ 83.86 / barrel. The contract had jumped 3.2% on Wednesday, 4 months recorded the biggest percentage gain since.
BNP Paribas (BNP), senior oil market analyst Harry Tchilinguirian said the yesterday's closing price on Thursday, oil prices and flat. With the advent of the U.S. Thanksgiving holiday, the market trading was light. Investors waiting for the U.S. market reopened for guidance.
Tchilinguirian said this week, trading hours is not long, and the U.S. markets are closed. Market lacks sense of direction.
He added that the debt crisis in the euro zone's development and China's inflation expected to remain the dominant market riIrish government on Wednesday announced financial plan for 4 years, the Irish government in the next 4 years, 15 billion euros in spending cuts, and be achieved by raising the tax rate cut before the end of 2014 budget deficit to gross domestic product (GDP) 3.0% goals. In 2011, the Government plans to implement the overall deficit reduction plan, 40%, a reduction of about 60 billion euros of expenditure.
 German think tank Ifo research institute released data show, the German Ifo business climate index for November was 109.3, much higher than the expected 107.4. In addition, the United States in November University of Michigan consumer sentiment index is 71.6, an initial value of 69.3, the former value of 67.7, the final value of the data than the 69.5 economists expected. In November University of Michigan consumer confidence index, the current situation index and the index is expected to record this year, its highest level since June.
At the same time, a series of indicators have shown a good recovery the U.S. economy: the beginning of last week week, jobless claims fell more than two years, low consumer spending in October the 4th consecutive month also rose, suggesting the U.S. economy is close to to achieve self-sustaining recovery.
U.S. Energy Information Administration (EIA) report released on Wednesday showed that as at November 19 week, 103 million barrels of domestic crude oil inventories rose to 3.586 million barrels, crude oil imports increased by more than 100 million barrels.
Beijing time 18:36, Nymex 1 month crude oil futures report $ 83.68 / barrel. (Visit the text)