2010/10/6

US dollar slipping,the international oil price hit a latest record higher for five months

Affected by US dollar exchange rate slipping and other factors, the international oil price on 6th continues to rise, the crude oil stock the settlement price sets the record of nearly five month new high on Wednesday.   Closes up to 6th, New York commodity exchange in November delivers the light crude forward price rises 41 cents, receives in each barrel 83.23 US dollars, the increase scope is 0.5%, in the plate once climbed to each barrel 84.09 US dollars, since has been May the maximum valency. The London market North Sea Brunt crude oil forward price rises 22 cents, receives in each barrel 85.06 US dollars.


At the same day, the United States Department of Energy announces the stock report showed that the American commercial crude oil stock increased 3,100,000 barrels last week, amounts to 360,900,000 barrels, compared with the same time last year the level is higher than 7%. But the gasoline and the fraction oil stock reduced 2,600,000 barrels and 1,100,000 barrels separately. Three change fluctuation are higher than the market to anticipate.   This report also showed that the American Refinery's utilization of capacity achieves 83.1%, compared the preceding week to drop 2.7%.   Some analysts said to Wall Stree Journal that will keep in stock the data and US dollar prospect will possibly support the oil price to continue to rise, and possible to break through several months not to be able to break through slightly is higher than each barrel 80 US dollar resistance position.


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Closing: The economic resurgence,confidence strengthens,US stocks receive higher largely