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&Nbsp Was Affected By The Rise Of The US Dollar; 21 Day Oil Prices Fell.

2011/9/22 9:11:00 26

US Dollar Rising Oil Price

Although the US crude oil inventories unexpectedly dropped sharply last week, the United States federal reserve The Committee launched the monetary stimulus policy, but it was affected by the rise in the US dollar and the international oil price fell 21 days.


On the same day, the Federal Reserve ended a two day conference on interest rates. After the meeting, it issued a statement saying it would sell the $400 billion short-term bond it had held and buy the same amount for a longer period. bond It aims at lowering long-term interest rates, maintaining a loose monetary environment and stimulating economic growth. The Fed's decision failed to reverse the decline in oil prices, but pushed the US dollar higher and continued to drive down oil prices. Dollar versus basket currency exchange rate Up about 0.8%.


The US Energy Intelligence Agency released data on the same day, which showed that in the week ending September 16th, imports of crude oil and oil refinery demand increased, and US crude oil inventories dropped by 7 million 340 thousand barrels, the largest weekly reduction in 10 months. But the report also showed that when the gasoline inventories rose by 3 million 300 thousand barrels a week, oil prices were also under pressure.


In addition, worries about the European debt crisis and global economic growth remain, and buying is still weak.


By the end of the day, the New York Mercantile Exchange delivered light crude oil futures in November, down 1 US dollars, closing at $85.92 a barrel, or 1.15%, with a range of $85.80 to $87.99 a barrel. Brent crude oil futures for November delivery in Beihai, London, fell 18 cents to $110.36 a barrel. Decline It is 0.16%.


 

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