Sunday, April 3, 2011

New York crude oil futures rose strongly, or Mogao 100 U.S. dollars in international oil prices (Chart).

<P Align=center> </ P> <P> 12 3 December, the international oil market "leader" of New York crude oil futures prices rose strongly, to close at $ 89.44 a barrel, up $ 1.44, or 1.64%, the highest in 2008 .a new high since early October. .At the same time, the British North Sea Brent crude rose 73 cents to close at $ 91.42 a barrel, also hit the highest point in two years. .For the international oil market outlook, yesterday, "International Finance," interviewed a number of experts believe that international oil prices is likely to quantitative easing, the dollar breaking down of the macro-environment 100 dollars </ P> <P> at the end of good </ .P> <P> in the analysis view, the international oil price in December 3's strong rally was not surprising. .Because only from the news side perspective, the day of the weakening U.S. dollar index, which stimulated the dollar-denominated international oil prices higher. .Data, the dollar index fell 1.1% that day, the highest since October 20 the biggest single-day decline. .</ P> <P> "is not only a weaker dollar, investors now do more for information is growing. Or that the atmosphere of the market to do more in the atmosphere than short." Yesterday, Platts senior business development in Asia .Hua Dawei, director of the "International Finance," told reporters, "First of all, the United States recently released a new index such as housing and other positive economic data, which allow some market participants to find a point of speculation; Secondly, from the previous years experience, each .end of the year, international oil prices rising trend has emerged this year is no exception. "</ P> <P> However, the supply and demand fundamentals do not seem to support the international oil prices higher. .Citibank has a report that "data from the U.S. economy is not creating enough jobs to reduce unemployment. Recent data also showed that the oil market demand is declining year on year." </ P> <P> this ., Xiamen University, China Center for Economic Research Energy Lin Boqiang that the "demand side is an important factor in crude oil prices around, but a lot of good news in the stimulation of market sentiment is very strong speculation, even temporarily overshadowed the needs of the fundamentals. So .International oil prices have been strong gains recently. "</ P> <P> U.S. factor </ P> <P>" at some point this year, international oil prices may reach 100 U.S. dollars a barrel. because the United States .many countries, including the economy continues to recover. "trend in international oil prices for the future, Lin Boqiang admitted," but for now Europe is continuing debt crisis, international oil prices early in the hype over the next rise to 100 dollars. "< ./ P> <P> value index of Chinese Cui Xinsheng, chief researcher believes that the quantitative easing policy to stimulate the U.S. stock market after the United States, the international oil prices could not rise up, "especially on the U.S. economy, the international oil prices is an important signal .meaningful indicators data. Therefore, in order to show the world the confidence of the U.S. economic recovery, international oil prices is likely to quantitative easing, the dollar break down the larger environment in 100 U.S. dollars. " .</ P> <P> Cui Xinsheng also pointed out that it has already become the international oil price speculation by international speculators are financial instruments linked with the supply and demand fundamentals already not strong, "therefore, almost certainly break through 100 U.S. dollars to reach this year, .the problem is the length of time. " .</ P> <P> However, Hua Dawei is that the international oil prices will largely be negative factors. ."First, is the world's inflation concerns; Second, the U.S. policy of quantitative easing is not necessarily brought to the crude oil market is a positive message; Third, China's recent anti-inflationary measures will have an impact on the crude oil market." He said ."Based on this, the international oil prices may eventually would get back to 70-80 dollars a barrel, the shock of space, the maximum not more than 85 U.S. dollars." </ P> <P> China Merchants Securities released a report that the average price of crude oil next year .between 85-90 dollars per barrel will be, "For the full year to determine trends, high international oil prices in the second half of the probability of large, core factors will influence the extent of the U.S. economic recovery, non-OPEC countries, 2011 .output growth and changes in global oil inventories. " .</ P> <P> malicious speculation in crude oil prices has released a report that Goldman Sachs, the global economic outlook improved, is expected to achieve strong and sustainable growth, international oil prices will return to a structural bull market. .Goldman Sachs also expects "OPEC's limited production capacity next year will push oil prices above 100 dollars a barrel, oil prices expected full-year 2011 average of 100 dollars per barrel in 2012 will reach 110 dollars a barrel. ."</ P> <P> production transfers </ P> <P> in traditional values, have a major impact on the crude oil market of Petroleum Exporting Countries can afford less than 80 dollars in international oil prices, once more than 80 U.S. dollars, the .or related actions taken in this regard, the excessive inhibition of upstream international oil prices. .</ P> <P> this, Hua Dawei said that identity, "if international oil prices will rise sharply next year, then OPEC will increase production to take action to safeguard stability to the market price of the signal emitted. .But the current situation, the annual average price is not expected to break through psychological factors such as the existence of the temporary measures will not take. "In fact, OPEC's meeting in October, the members have agreed to maintain the limit .production target unchanged. .</ P> <P> However, the British consultancy OilMovements recently said that, excluding Angola and Ecuador, OPEC member countries, as of December 18 in 4 weeks, average daily oil exports will increase by 90,000 .barrel. .</ P>.

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