NEW YORK, April 4 (Reuters) (reporter Qiao Jihong) due to the U.S.cheap air max 2011
last week (102.04,0.57,0.56%) of crude oil inventories unexpectedly
large increase to 9 the highest crash in international oil prices on the
4th, the two oil price in New York and Londonfell more than 2%. The
same day, the U.S. Energy Information Administration released data show
that, in the week ended March 30, U.S. commercial crude oil inventories,
a substantial increase of 900 million barrels, far more than market
expectations of 200 million barrels. U.S. crude oil inventories totaled
3.624 million barrels, the highest level since June last year. The
report shows that the United States last week, oil demand is still weak,nike air max 90
but significant increase in imports and domestic production also
increased to its highest level since December 1999. In addition, the New
York crude oil futures delivery to Cushing crude oil inventories last
week greatly increased 72.9 million barrels, marking the highest level
since May 2011, serious to suppress the New York oil prices. New York
oil price was dropping the 100-day moving average and the spread of the
London oil prices also refresh the six month maximum. In addition to
rising inventories, the U.S. Federal Reserve Board announced the day
before the March monetary policy meeting is still the weight of the
market. Investors generally believe that the Federal Reserve to adopt a
new round of quantitative easing monetary policy is unlikely, in this
regard against market sentiment, on the other hand pushing up the
dollar, indirect pressure on the crude oil market. Day, a measure of the
dollar exchange rate changes of a basket of currencies, the dollar
index rose about 0.4 percent. Euros due to the ECB announced to maintain
ultra-low interest rates against the U.S. dollar fell to the lowest
point of three weeks. The strong dollar to suppress dollar-denominated
commodities. To the closing, the New York Mercantile Exchange,Nike Air Max 95
light sweet crude for May delivery fell $ 2.54 to close at $ 101.47 a
barrel, down 2.44 percent, the lowest for six weeks. In London, Brent
crude oil futures prices for May delivery fell $ 2.52 to close at $
122.34 a barrel, a decrease of 2.02%. |