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International oil prices in the 7th rose
Source:Chinese fertilizer   Author:Fang Nan   Time:2012-09-08   Read:757second  

 August U.S. payrolls report weak market investors on the Fed to take more monetary stimulus is expected to increase in international oil prices rose after the shock in the 7th.

        Released the same day by the U.S. Department of Labor data show that the United States in August of only 96,000 new jobs, less than the 125,000 expected before the market. Although the month and the unemployment rate dropped to 8.1% from 8.3% last month, but mainly due to the drastic fall in the month of employment population base of 368,000. Weak monthly employment data showed the U.S. job market is still weak, woeful economic recovery.
        Although the weak employment data caused some pressure on oil prices, boosting investor for the Fed to take more quantitative easing monetary policy expectations, but to promote the rise in oil prices. Fed two-day monetary policy meeting will be held on the 12th, investors expect to face a weak economic data, the Fed decided to take a more quantitative easing monetary policy, the increased possibility of this meeting.
        At the same time, under the impetus of the stimulus is expected, a weaker dollar. Tracking the U.S. dollar against a basket of currencies, the exchange rate changes, the dollar index fell 1 percent. The weak dollar fueled the price of oil.
        However, there were reports that the United States is still considering the release of strategic oil reserves. 6th U.S. government officials in contact with the oil market experts, consulting the release of the Strategic Petroleum Reserve. These reported to cause some pressure on oil prices, limiting oil prices increased.
        To close the day, the New York Mercantile Exchange, the price of light sweet crude oil futures for October delivery rose 89 cents to close at $ 96.42 per barrel, or 0.93%, trading range of $ 94.08 to $ 96.74. Full weeks of view, the New York oil prices edged down 5 cents.
        The same day, the North Sea Brent crude oil futures prices for October delivery rose 76 cents to close at $ 114.25 per barrel, or 0.67%. But the whole week the price of Brent crude oil futures fell 32 cents.
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