Joint action by six major central banks boost, NYMEX crude oil futures closed 30 exceeded $ 100 a barrel, NYMEX 1 月 light, sweet crude oil futures contract settled up 57 cents, to $ 100.36 a barrel.
Integrated media reported on November 30, the New York Mercantile Exchange (NYMEX) crude oil futures closed 30 higher for a fourth day, $ 101.75 a barrel intraday high of two weeks, around Europe, due to the continuing problem of sovereign debt several concerns about the Federal Reserve and other central banks to take action to expand liquidity, which leads to a weaker dollar.
NYMEX 1 Month light, sweet crude oil futures contract settled up 57 cents, to $ 100.36 a barrel, the contract price has risen over the past four trading days in 4.4%; ICE January Brent crude oil futures contract settled down 30 cents a barrel to $ 110.52.
Federal Reserve, Bank of Canada (Bank of Canada), Bank of England (Bank of England), Bank of Japan (Bank of Japan), European Central Bank (European Central Bank) and the Swiss National Bank (Swiss National Bank) agreed to each existing temporary dollar liquidity exchange rate arrangements by 50 basis points. Through this swap arrangement, the Fed can provide U.S. dollars to other central banks, central banks turned those banks under its U.S. $.
Economic data side, the U.S. employment data released by the private sector than expected. ADP report showed the U.S. private sector employment in November increased 206,000 people. Economists expected to increase 130 thousand people. However, the U.S. oil inventory data released last week, crude oil and distillate stocks rose unexpectedly, resulting in crude oil futures gains were limited.
Energy Information Administration (Energy Information Administration) data show that as of November 25th the week, U.S. crude oil inventories increased 393.2 million barrels, due to slowdown in refinery processing of crude oil imports increased, which led to the U.S. oil market fundamentals of supply and demand warming concerns. Analysts had expected crude stocks fell 500,000 barrels last week, refinery utilization rate than the previous week.
Inventory data trigger time late December heating oil futures contract selling, the contract expires in 30 days after the close. December heating oil futures settled up 0.03 cents to $ 3.0214 a gallon, 30 more than earlier in the day was up 3 cents. December RBOB gasoline futures rose 2.86 cents to $ 2.5677 a gallon, the contract has expired. (Grain core)