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New York crude oil futures closed up 0.5% at $ 87.20 a barrel
Source:ChineseHuaFei   Time:2012-12-18   Read:882second  

 Beijing early morning of December 18, crude oil futures prices in New York on Monday ended higher, the driving factors for the continued tension in the Middle East situation, as well as some investors in the United States the parties concerned the fiscal cliff agreement reported optimism.

        The date of the New York Mercantile Exchange, light sweet crude for delivery in January next year, rose 47 cents to close at $ 87.20 per barrel, or 0.5%. On Friday, crude oil futures prices rose 1%. U.S. policymakers must be resolved before the end of the fiscal cliff in order to avoid an economic recession.
        It is reported that House Speaker John Boehner may accept the millionaire tax increase in return for a limit on expenditure on medical care, social security and other welfare programs. But the White House wants to raise the tax on personal annual income of more than $ 200,000 and families above $ 250,000.
        VTB Capital commodities analyst Andrey Kryuchenkov said: "Washington's policy (if any) will continue on the 2013 macro outlook cage clouds, the issue is not resolved before investors prefer sidelined, not big bets . "
        The development of the situation in the Middle East also provides a favorable background for the crude oil futures prices higher. Iranian Foreign Minister on Monday claimed that it is necessary to break the impasse on the nuclear issue and other major powers. Syrian Vice President called for a peaceful resolution of violent conflicts, implying that President Bashar al - Assad may not play a role in the future of Syria.
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