International oil prices rose by $2.61, the largest increase since July
international oil prices rose by $2.61, the largest increase since July
November 25, 2010
[China paint information] the decline in the number of initial jobless claims in the United States means that the economy is improving, and crude oil futures in Europe and the United States rebounded strongly on Wednesday. At the close of Wednesday, the January futures settlement price of light crude oil on the New York Mercantile Exchange was $83.86 a barrel, up $2.61 from the previous trading day, the largest increase since July 22 and the highest settlement price since November 15; London Intercontinental Exchange Brent crude oil January futures settlement price of $85.84 a barrel, up $2.59; Heating oil futures in December in New York rose 7.59 cents to 232.55 cents per gallon; Rbob gasoline futures in December were 221.36 cents per gallon, up 7.94 cents; December diesel futures on the London Intercontinental Exchange were $719.25 per ton, up $19.50
according to the settlement price of the New York Mercantile Exchange, the "3-2-1" profit of refining three barrels of crude oil into two barrels of gasoline and one barrel of heating oil on Wednesday, or within the range of 0.1 division value, was $10.678 per barrel, up $0.18 from Tuesday
on Thursday, the New York Mercantile Exchange was closed, but the global electronic trading system was not affected
as the Federal Reserve implemented the second round of quantitative easing policy, resulting in the depreciation of the US dollar, international oil prices rose to the highest level in 25 months on November 11. However, the euro zone debt crisis and the tightening policies of emerging economies prevented excessive inflation, and the dollar exchange rate rebounded again. On Tuesday, the recent month crude oil futures in New York fell to around $80 a barrel. Although the US dollar exchange rate continued to rise on Wednesday, the 3D printing technology developed by Erb and his team used a composite material (mixed with plastic and ceramics), the number of initial jobless claims in the United States decreased to the lowest in two years, and both US stocks and oil prices rose sharply, but according to our experience
the number of Americans applying for unemployment benefits for the first time fell by more than expected last week, reaching the lowest level since July 2008, indicating that the US labor market is gradually warming up. According to the weekly report released in advance by the U.S. Department of labor on Wednesday, the number of first-time jobless claims fell by 34000 in the week ending November 20
according to the data of the U.S. energy information administration, the U.S. crude oil inventory increased by 1million barrels. Although contrary to analysts' expectations, the increase was far lower than the data released by the American Petroleum Institute. Official U.S. data showed that as of the week of November 19, U.S. crude oil inventory and gasoline inventory increased while distillate oil inventory decreased. The U.S. energy information administration believes that as of the week of November 19, 2010, the U.S. crude oil inventory was 358.25 million barrels, an increase of 1.03 million barrels over the previous week; The total gasoline inventory in the United States was 209.59 million barrels, an increase of 1.91 million barrels over the previous week; Distillate oil inventory was 15825.1 million barrels, down 540000 barrels from the previous week
while crude oil and gasoline inventories increased, the total oil demand in the United States fell to the lowest level in the same period in 14 years, of which gasoline consumption decreased to the lowest level in the same period in 7 years. In the past week, the total daily oil demand of the United States averaged 18.801 million barrels, 57000 barrels lower than the previous week; Among them, the daily demand for gasoline in the United States was 882.9 barrels, 123000 barrels lower than the previous week; The average daily demand for distillate oil was 3.804 million barrels, 25000 barrels higher than the daily average of the previous week
gasoline demand in the United States has declined for four weeks in the past five weeks. MasterCard calculated from the gasoline sold by gas stations that the daily demand for gasoline in the United States was 9.119 million barrels in the week ended November 19, a decrease of 83000 barrels or 0.9% over the previous Sunday, the largest decline in a month; In the past four weeks, the daily demand for gasoline in the United States was 9.083 million barrels, down 1% from the same period last year, a nine week continuous decline
Christof ruehl, chief economist of British Petroleum Company (BP), said Wednesday that the offshore floating warehouse of crude oil and refined oil may be completely used up in the second quarter of 2011. With the global economic downturn in 2009 and the decline in oil demand, it will reach more than 150000 tons in 2010 and 2019. At the beginning of the year, about 1.4 million barrels of crude oil and refined oil were stored in tankers around the world. Since this year, demand has recovered, and the crude oil and refined oil stored in these ships have gradually declined, but the oil production is still stable. He said that even if global oil production remained stable, the OECD's record onshore crude oil inventories would provide a buffer to growing demand
OPEC announced on its website on Tuesday that the organization, together with the International Energy Agency and the International Energy Forum, discussed over-the-counter oil trading and regulatory issues in London. A statement issued at the meeting showed that organizations representing consumer and producer countries discussed OTC transactions and their impact on market pricing and price fluctuations. OPEC has long called for stricter regulatory measures to solve the problem of excessive speculation
according to the latest news, the package price of OPEC calculated by the weighted average price of 12 OPEC member states on November 23 was $80.14 a barrel, down $0.82 from the previous trading day
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