Wednesday, November 12, 2008

The international oil prices fell sharply again on the 11th

As the market for the suppression of a global recession concerns of the international demand for crude oil increased again, the international oil prices fell sharply again on the 11th, the New York market, oil prices fell below 60 U.S. dollars a barrel, a 20-month low. On the New York Mercantile Exchange, December delivery of light sweet crude oil futures fell 3.08 U.S. dollars to close at 59.33 U.S. dollars a barrel, trading was also touched a low of 58.32 U.S. dollars a barrel. London's International Petroleum Exchange, December Brent crude futures fell 3.37 U.S. dollars to close at 55.71 U.S. dollars a barrel. The U.S. government released the latest economic data show that the United States in October new car sales hit 25-year low, while the unemployment rate reached 6.5 percent, a 14-year high. The data led investors to the U.S. economy further into recession fears intensified, becoming the day led to a significant drop in international oil prices once again the main reason. In addition, the U.S. dollar against major currencies on the same day the high exchange rate, but also lead to dollar-denominated international crude oil futures prices fell.
由于市场对全球经济衰退抑制国际原油需求的担忧再度加剧,国际油价11日再度大幅下挫,纽约市场油价跌破每桶60美元,创20个月来新低。
当天,纽约商品交易所12月份交货的轻质原油期货价格下跌3.08美元,收于每桶59.33美元,盘中还一度触及每桶58.32美元的低点。伦敦国际石油交易所12月份交货的北海布伦特原油期货价格下跌3.37美元,收于每桶55.71美元。
美国政府公布的最新经济数据显示,美国10月份的新车销量创25年来新低,而失业率则达到6.5%,创14年来的新高。这些数据使得投资者对美国经济进一步陷入衰退的担忧加剧,成为导致当天国际油价再度大幅下挫的主要原因。此外,美元当天对西方主要货币的汇率走高,也导致以美元计价的国际原油期货价格下挫。

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