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New York oil prices on the 16th was up
Author:China fertilizer   Time:2012-10-17   Read:1011second  
Affected by multiple messages, the international oil price shock on the 16th, were mixed, the New York oil prices edged up London Brent oil prices edged down. 
The same day, the U.S. financial markets by companies such as Goldman Sachs Group announced strong earnings boosted sentiment, to promote the rise in oil prices. 
U.S. economic data released the same day both good and bad, and the role of different markets. Labor Department data show that the U.S. September consumer price index rose 0.6%, the inflation risk still exists. But the Fed's September industrial output exceeded market expectations, rising 0.4%, much better than in August fell by 1.4%. 
The other main factors supporting oil prices, tensions in the Middle East. The EU once again the implementation of new economic sanctions against Iran, the Syrian government to impose sanctions. Market investors are worried that the confrontation of Iran and the Western countries as well as Syria's unrest might pose a threat to the oil supply in the Middle East. 
In addition, the market demand for EU aid is expected to Spain enhanced the dollar lower, pushing up the price of dollar-denominated crude oil futures. 
However, investor pessimism on oil demand outlook is still oppression market. In addition, investors expect U.S. crude oil inventories increased unexpectedly last week, will once again rise. Weak demand and increased supply, resulting in downward pressure to oil prices. 
To close the day, the New York Mercantile Exchange, the price of light sweet crude oil futures for November delivery rose 24 cents to close at $ 92.09 per barrel, or 0.26%. 
Brent crude oil futures prices for November delivery fell 73 cents to close at 115.07 yuan per barrel, down 0.63%. November futures due today, actively traded futures for December delivery fell 40 cents to settle at $ 114.00 a barrel. (Xinhua)
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