Yu global oil prices or the second bottom.

<P> Second bottom of the risks of the global economy seems to have increased the trend, at least recently, including U.S. Treasury Secretary Timothy Geithner from including foreign dignitaries, and the International Monetary Fund and other international financial institutions continue to publish the remarks of view .indeed make people more anxious bench. .24 May, London-based Centre for Global Energy Studies released a report also said that the global economy "double-dip recession" to increase the risk of increasing, but the report also pointed out that since the recent fall in oil prices will contribute to the global economy .recovery. .</ P> <P> low oil prices ease inflationary pressures </ P> <P> from the end of last year, the market forecast to have the international crude oil prices in 2010 will be low during the financial crisis, climbing higher and higher to break through 100 U.S. dollars / barrel .But for now, the oil price apparently followed the euro. .May 24, WTI crude oil futures prices may rebound after last week's drop to $ 70.21 / barrel, Brent crude oil futures, but prices continue to decline by 0.71%. .International crude oil prices around 70 U.S. dollars / barrel will be the norm in the near future. .</ P> <P> OCBC Bank economist Xie Dongming In an interview, "International Finance News" interview, said: "During the year, sharply higher international crude oil prices likely have not, even if oil prices rise, because the current .Europe and the United States control of the banking sector stricter leverage increase was also only slightly. "</ P> <P> Standard Chartered Bank also said the current level of output, the whole of 2010, international crude oil inventories still living .high, and slow decline in 2011. .Therefore, the expected global market sentiment is still before the fourth quarter crude oil prices remain at 70 dollars / barrel -90 U.S. dollar / barrel of the most important driving force of the fourth quarter, the euro has stabilized and the growth in oil demand in 2011 optimism .should be able to support oil prices. .</ P> <P> Centre for Global Energy Studies said in its report, oil prices fell to below 80 U.S. dollars per barrel, crude oil market, both for long-term health development, or a solid recovery for the world economy are good .. .Xie Dongming shared the view that international oil prices do not exceed 80 dollars per barrel on the global economic recovery will play a positive role. ."Especially for Asian countries including China, most are facing the risk of economic overheating and inflation, while crude oil and other commodity prices decline or inhibited, to a certain extent, ease the inflationary pressures in these countries." </ .P> <P> pessimism not affect the economic recovery </ P> <P> However, the market for the global economy will be second bottom of the fears is still spreading. .From the recent global capital market performance, market sentiment seems to have become a key factor leading market trends, economic fundamentals and policy influence of the data significantly weakened. .</ P> <P> recently announced a series of relatively strong U.S. economic data, including the United States on Monday April rising home sales data, and the U.S. financial regulatory reform program was adopted last week. .However, this series of good news did not push U.S. stocks higher. .From the United States May 24 local time scale of 42 billion U.S. dollars for sale 2-year Treasury prices pushed the situation in perspective, investor sentiment remains high hedge. .The United States recently announced U.S. Treasury long-term net capital inflows in March rose to 140.5 billion U.S. dollars of the data, showing the extreme lack of market optimism. .</ P> <P> currently can not guarantee that the European sovereign debt crisis will not worsen once the worsening impact of the export to other markets is inevitable, and this is Geithner, who has frequently expressed concern about the source of lies. .Europe is the United States and Asia's main export areas, so once the spread of European sovereign debt crisis will be more or less affect the U.S. and Asia's economic recovery. .</ P> <P> However, Xie Dongming said: "Despite the generally pessimistic mood of the global market, but the possibility of the economy is already weak second bottom. On the one hand, the current cyclical recovery in the global economy are in the process, and that this .subversion of a trend is not easy. On the other hand, for the European sovereign debt crisis, although the market generally worried about the EU's 750 billion euros enough to use protection scheme, but for now, the United States and European Union have made a good response .. "</ P> <P> and for the regional economy, UBS also maintained a high level of confidence. ."So far, Asia has been in a 'two-track recovery of' being not only a strong rebound in exports, domestic demand also rose strongly." UBS noted that "despite the more or less the debt crisis hit Europe, our optimism, but the face of Asia .risk is limited, the Asian economic recovery will continue. "</ P>.