NYMEX crude oil futures fell 23, due to weak U.S. economic data the market worried about demand for crude oil bleak. NYMEX 1-month crude oil futures settled down 1.9 percent, to $ 96.17 a barrel.
Integrated media reported on November 23, the New York Mercantile Exchange (NYMEX) crude oil futures closed down 23 as traders out of the U.S. crude oil inventories dropped significantly impact and increased demand for crude oil began to focus on a series of concerns about the bleak economic news.
NYMEX 1 月 light, sweet crude oil futures settled down $ 1.84 to $ 96.17 a barrel, down 1.9%. ICE 1 Brent crude futures fell $ 1.49 to $ 107.54 a barrel, down 1.4%.
Economic data, the U.S. Department of Labor (Labor Department) 23 announced, seasonally adjusted, as of November 19 week initial claims for unemployment benefits rose 2,000 to 393,000 people. Meanwhile, the November preview of HSBC China's manufacturing PMI index also declined substantially.
The data led the market decline on concerns about global economic growth, and global economic growth and oil demand and are closely related. United States and China are the world's largest and second largest oil consumer.
23, according to Dow Jones Newswires reported disappointing results of the German auction to the market hit. Market observers said the results show that the euro zone crisis is the spread of Europe's largest economy, may lead to future oil demand weakness.
Fitch warned that the debt crisis in Europe has begun to threaten France's AAA sovereign credit rating; debt crisis spread to the European core countries to the European economy is facing a challenge to upgrade again. November, the euro zone purchasing managers' index rose slightly in October to 47.2 from 46.5, for three consecutive months below 50, indicating that manufacturing activity continued to decline.
23 published a report, as of November 18 the week, U.S. crude oil inventories dropped significantly, which push the price of oil from midday lows. U.S. Department of Energy (Department of Energy) to provide the data show that as the week of November 18, U.S. crude oil inventories fell 620 million barrels, refinery utilization rate rose 0.7 percentage points to 85.5%.
NYMEX 12 RBOB gasoline futures settled down 4.41 cents to $ 2.5177 a gallon, down 1.7%. December heating oil futures settled down 7.55 cents to $ 2.9591 a gallon, down 2.5%. (Doris)