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International oil prices rose 2.08% in the 27th
Source:Chinese fertilizer   Author:qingshan   Time:2012-09-28   Read:722second  

By tensions in the Middle East, Spain announced that the 2013 draft budget and other factors, international oil prices rose sharply in the 27th. 

The same day, the relations between Iran and the United States and Israel is tightening again. Adopt new sanctions on Iran after the United States, President Barack Obama said it would make every effort to stop Iran's nuclear program, Israeli Prime Minister Benjamin Netanyahu the day also United Nations speech, reiterated the stance on the Iranian nuclear issue. Iranian President Mahmoud Ahmadinejad has responded by saying that Iran has the ability to deal with all the opposition forces trying to hinder Iran's nuclear program. The tit-for-tat situation between the two sides intensified market concerns about the situation in the Middle East, promoting the rise in oil prices. 

In addition, Spain announced on the day of the economic reform program and in 2013 the total national budget draft, the decision to reduce the budget deficit by cutting public expenditure. Market believes the move will help solve the debt problems of Spain, the European debt crisis fears ease the also contribute to the rise in oil prices in terms of economic data, U.S. weekly initial jobless claims greatly reduced by 26,000, far better than The market is expected to boost market confidence. 

However, the U.S. Department of Commerce U.S. second-quarter economic growth down from the previous estimate of 1.7% to 1.3%, and 13% of the drastic fall in the U.S. durable goods orders in August, the decline is the largest since January 2009, so that market segment pressure, limiting oil prices increased. 

To close the day, the New York Mercantile Exchange, light sweet crude for November delivery rose $ 1.87 to close at $ 91.85 per barrel, or 2.08%. Brent crude oil futures prices for November delivery rose $ 1.97 to settle at $ 112.01 a barrel, or 1.79%.

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