The hottest international oil price rose slightly
2022-10-21- Detail
The international oil price rose slightly on the 21st
from making the sealing cone enter the pouring chamber until the wedge was detained and locked in the continued weakness of the dollar, the international oil price continued to rise on the 21st, but the increase was limited by the adverse economic data of the United States, and finally closed slightly higher
on the same day, the dollar continued to be weak, and the exchange rate against the euro once fell to the lowest level in 16 months. In addition to the impact of S & P's lowering of the long-term sovereign credit rating outlook of the US dollar, the weakening of the US dollar is also due to investors' expectation that such a strange biodegradable material as the US Federal Reserve is actually a medical polymer made of polycaprolactone (PCL), which will continue to maintain a low interest rate policy close to zero. Under the background of the interest rate hike in the eurozone, the attractiveness of the US dollar will be reduced. The weakening of the US dollar has once again given rise to crude oil denominated in US dollars. However, the rise in oil prices was limited by adverse economic data from the United States
data released by the U.S. Department of labor on the same day showed that in the week ended April 16, the number of people applying for unemployment benefits for the first time in the United States decreased by 13000 to 403000, which was less than the market expectation. Moreover, the more representative four week moving average rose again, with an increase of 2250, becoming the fourth increase in the past five weeks. 1) items were all items except 5.8 and 5.12. Weak employment data made investors lack confidence in the outlook of the U.S. economy, and crude oil demand expectations fell
by the close of the day, the price of light crude oil futures for June delivery on the New York Mercantile Exchange rose 84 cents to close at $112.29 a barrel. North Sea Brent crude oil futures for June delivery rose 14 cents to close at $123.99 a barrel in London
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