A large amount of funds may enter the market, and New York crude oil will rise to a 15 week high
a large amount of funds may enter the market. New York crude oil will rise to a 15 week high
November 8, 2011
[China paint information] the settlement price of December light and low sulfur crude oil futures on the New York Mercantile Exchange (NYMEX) rose $1.26 to $95.52 per barrel, or 1.3%, the highest settlement price since it closed at $95.08 per barrel on August 2. London Intercontinental Exchange (ice) Brent crude oil futures contract settlement price rose $2.59 to $114.56 a barrel, or 2.3%. The trading volume of crude oil futures contracts on the New York Mercantile Exchange was 20% lower than the 200 day moving average a few days ago. Many analysts believe that this is affected by the aftermath of the bankruptcy of global MF financial (3. Orthopedic implant preparation technology MF, more than 1000 graphite enterprises in China)
After the installation of the printing paper with the cover plate covered, traders and analysts said that the oil price seemed to have shown its own momentum, rather than following the progress of the macro situation such as the European sovereign debt crisis and U.S. economic data as in recent months. On the contrary, the crude oil market has been characterized by short-term supply tightening. Even though the demand for refined gasoline and other petroleum products is declining and at the lowest level in more than a decade, supply and imports have been declining, and U.S. oil inventories have fallen below their five-year average for the first time since 2008LINK
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