As market sentiment is still in the doldrums, 16 international oil prices continue to fall.
Day, continued to fall after the first few days after, even though some bargain-hunting funds enter the market, but still the weight of the debt crisis in Europe market. International rating agency Fitch Ratings confirmed 3A in France, but raised its outlook negative. Investors worried that the European debt crisis can not be solved soon, the world economic outlook will be dragged down, depressed mood, the market volume also remain low.
However, a weaker dollar and South Korea's new Iran sanctions and other factors limit the decline in oil prices. The same day, the euro zone's third largest economy of the Italian government won a crucial parliamentary vote, a total of € 33 billion for the fiscal austerity plan finally passed in Parliament to remove the obstacle. The euro going up, while the dollar index fell by 0.1 percent, the dollar-denominated crude oil prices constitute support.
In addition, the U.S. response to the call the same day South Korea, announced new sanctions against Iran to take measures against South Korea to invest in Iran's energy industry, and a number of Iranian companies and individuals blacklisted. These sanctions increase the crude oil market for Iranian oil supply concerns, geopolitical factors, oil prices continued to provide power to effectively stop the oil price decline.
To the closing, the New York Mercantile Exchange, light sweet crude for January delivery edged down futures prices 34 cents to close at $ 93.53 a barrel, down 0.36%. The week view, the New York oil price fell $ 5.88, down 5.91%, is September 23 biggest weekly decline since.
February delivery of the London Brent crude edged down 25 cents to settle at $ 103.35 a barrel, down 0.24% for the week fell $ 5.27, down 4.85%. (Qiao Jihong)