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NYMEX crude oil futures rebounded close 1.39% 20
Source:China Fertilizer Network   Author:shi wei juan   Time:2011-09-21   Read:837second  

NYMEX crude oil futures closed up 20, on expectations the Federal Reserve will launch stimulus measures. NYMEX 10 月 light, sweet crude settled up 1.39 percent, to $ 86.89 a barrel.
Integrated media reported on September 20, the New York Mercantile Exchange (NYMEX) crude oil futures closed 20 higher on expectations the U.S. Federal Reserve Board (Fed) will soon take measures to stimulate the U.S. economy, while Greece may be a new round of funding assistance.
NYMEX 10 月 light, sweet crude settled up $ 1.19 a barrel to $ 86.89, or 1.39%; 20 expiration of the contract. NYMEX 11-month crude oil futures settled up $ 1.11 to $ 86.92 a barrel, or 1.3%.
U.S. Federal Open Market Committee (FOMC) 20 day of the two-day monetary policy meeting. Investors widely expect the Fed will launch a new round of monetary stimulus, most likely by buying long-term bonds and other measures to further drive down real interest rates, maintain an accommodative monetary environment, thereby promoting economic growth and stimulate capital market risk appetite. 21 pm Fed will release its statement after the meeting.
Greece 20, and the International Monetary Fund, the European Union and the European Central Bank and other international institutions for the second round of talks intended to get a new round of aid funds. Greek Ministry of Economic Affairs in the 19 claimed that "close to agreement", the investors receive financial assistance to Greece optimistic about the prospects.
However, Standard & Poor's announced on the 19th in Italy's sovereign debt rating cut, investors in Europe intensified concerns about the spread of the debt crisis, the International Monetary Fund (IMF) has also reduced global economic growth forecast and warned Europe may face a recession in 2012 risk; these negative factors limit the price of oil.
American Petroleum Institute released at 4:30 pm EDT, September 16 ended the week, U.S. crude oil inventories rose 257.4 million barrels, gasoline inventories rose 6.2 million barrels, distillate stocks increased 8.1 million barrels; refinery utilization rate was 84.4 %, 83.9% the previous week. Analysts on average expected the week of September 16, crude oil inventories fell 900,000 barrels.
In other Nymex energy trading, October RBOB gasoline settled up 0.49 cents to $ 2.7014 a gallon, or 0.2%. October heating oil futures settled up 1.69 cents to $ 2.9616 a gallon, or 0.57%.
ICE 11 Brent crude futures contract settled up $ 1.40 a barrel to $ 110.54, or 1.28%.

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