Tuesday, December 21, 2010

New York oil price record intraday low of 9 months.

<P> NEW YORK, May 20 (Xinhua Chen Gang) subject to the debt problems of the euro area and U.S. economic data and other factors, international oil prices fell 20, the New York market intraday record oil prices more than 9 months of lowest .. .</ P> <P> euro as investors worried about debt recovery in the global economy and energy demand fell in Europe after another, driven by the stock market, international oil prices after the opening 20 all the way down. .</ P> <P> U.S. economic data released the same day is not satisfactory also accelerated the decline in oil prices. .U.S. Labor Department data showed the number of initial claims for unemployment benefits increased by 2.5 million to 47.1 million, creating the highest since 5 weeks, while the market had expected jobless claims decreased. .</ P> <P> U.S. Conference Board released a report, in April the U.S. leading economic indicators since the first time since March 2009 decline. .</ P> <P> by the above factors, international oil prices fall, the New York market, oil prices fell to $ 64.24 a barrel, the highest since the end of July last year, the lowest price. .After a rebound in the euro against the dollar, driven by oil prices rebounded. .</ P> <P> to the day of closing, the New York Mercantile Exchange, light sweet crude for June delivery fell 1.86 U.S. dollars futures prices to settle at $ 68.01 a barrel. .London Brent crude fell $ 1.85, to close at $ 71.84 a barrel. .</ P>.

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