Approximation of the recent years, international oil prices high in London trading, Brent crude was $ 89.8 a barrel, approaching 90 dollars a barrel mark. Although the impact of the recent oil price by the debt crisis of the euro zone has dropped slightly, but market analysts believe that crude oil prices during the year may exceed 90 dollars, and next year will rise to above 100 U.S. dollars a barrel.
With the dollar-denominated commodity prices is very sensitive to fluctuations in the dollar. After about two years, oil prices again after the rise of the downturn, in this round of rally, the dollar rose to become the "booster."
U.S. Federal Reserve announced the second round of early November quantitative easing monetary policy, is about 8 months to buy 600 billion U.S. treasury bonds, from energy to produce and then to enjoy the fun of metal and other commodity prices rose.
German commercial banks in a report released said: "The Fed's decision to push up oil prices, the Federal Reserve to increase liquidity and invest the dollar will affect the commodities market. Higher prices reflect the trend of depreciation of the dollar, which is a direct consequence of U.S. monetary policy. "not only result in a lower dollar prices of crude oil trading, looking from the supply side, OPEC has said it damaged income due to depreciation of the dollar, so consider increasing oil prices.
Fed policy futures market prices for commodities produced in the boost effect is very obvious, and the favorable supply and demand fundamentals support oil prices further. OPEC said world oil outlook, the economy recover from the global recession faster than expected, had a positive impact on demand, it now expects average daily oil consumption next year will be an increase of 120 million barrels to 86.95 million barrel. In the medium term, some countries have increased imports of crude oil will push oil prices. Lloyds TSB Bank plc Oil and Gas UK, head of research Andrew ink Rumsfeld said: "The continued growth in oil demand, particularly for developing countries, the expected increase in demand, largely underpin oil prices."
IEA chief economist Fatih Birol said: "The era of cheap oil is over. Future production of oil per barrel will be much more difficult, so prices will be more expensive."
Another reason for higher oil prices is the recent sale of some of the large reserves of energy companies. Some large energy companies to withdraw non-core businesses, but also to the future of oil addition, the British general consumers, the refined oil price changes will become more apparent. The first is the exchange rate of sterling against the U.S. dollar continued to decline in November, which means that oil prices on UK consumers become more expensive. Second, the United Kingdom in January next year, the consumption tax will increase 2.5 percentage points in April will further increase in fuel duty, which will be directly reflected in the price of oil. (Wang Yahong)