The hottest news was mixed. European and American

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The news was mixed, and the European and American crude oil futures closed steady in the turbulence

the news was mixed, and the European and American crude oil futures closed steady in the turbulence

November 16, 2010

[China paint information] the latest economic data showed that the recovery situation was mixed, and the European and American crude oil futures closed steady after intraday fluctuations on Monday. The US dollar exchange rate continued to rebound after a sharp decline at the beginning of the month, and oil prices were bullish and weak. At the close of Monday, the settlement price of December light crude oil on the New York Mercantile Exchange was $84.86 a barrel, down $0.02 from the previous trading day; London Intercontinental Exchange Brent crude oil December futures settlement price of $86.7 a barrel, up $0.36; Heating oil futures in December in New York rose 0.77 cents to 237.09 cents per gallon; Rbob gasoline futures in December were 219.5 cents per gallon, down 1.49 cents; December diesel futures on the London Intercontinental Exchange were $738.75 per ton, down $3.50

London Intercontinental Exchange Brent crude oil futures in December ended at the end of the closing period. The settlement price of Brent crude oil futures for delivery in January 2011 was US $86.76 per barrel, up US $0.23 from the previous trading day

according to the settlement price of the New York Mercantile Exchange, the "3-2-1" profit of refining three barrels of crude oil into two barrels of gasoline and one barrel of heating oil on Monday was $9.793 per barrel, a decrease of $0.289 from Sunday

on Monday, the Japanese government announced that Japan's real GDP grew by 3.9% in the third quarter, compared with a revised growth rate of 1.8% in the previous quarter. This increase exceeded previous economists' expectations. Affected by this, international oil prices rebounded during the Asian trading session. Subsequently, data released by the US Department of Commerce showed that US retail sales increased significantly in October, and oil prices were further supported. Retail sales in the United States increased by 1.2% in October, higher than the 0.8% previously expected by economists

however, the US dollar exchange rate, which continued to rebound, restrained the rise of oil prices. Concerns about the possible spread of the debt crisis across Europe once again dominated market sentiment. Last week, investors reduced the size of Euro long positions by 40%, to the lowest level since early October; At the same time, investors also increased their short positions in the euro, making the outlook for the euro more unpredictable. Analysts believe that Europe faces serious risks, and the euro may face short-term downward pressure. On Monday, the euro fell sharply against the US dollar. In late New York trading, the euro fell 0.77% to US $1.3587; The US dollar index was 78.613, which can be made into foam products with different densities and shapes, up 0.65%

reports from banks across the United States show that economic growth is still sluggish. The manufacturing survey report released by the Federal Reserve Bank of New York on Monday showed that the manufacturing activity index in New York fell to -11.14 in November, lower than economists' previous expectations. According to the survey report released by the Federal Reserve Bank of Philadelphia, economists lowered their expectations for future economic growth in the United States and believed that the unemployment rate in the United States would remain high in the coming years. The average unemployment rate is expected to be 9.3% in 2011, 8.7% in 2012 and 7.9% in 2013. Forecasters lowered their expectations of economic growth in the fourth quarter to 2.2%, compared with 2.8% in the previous survey

international institutions have raised their expectations for the growth of world oil demand in 2010 and 2011, which has driven up oil prices. Mohammed Ali, Iran's representative in OPEC, said Sunday that the world economy has the ability to absorb $100 a barrel of oil prices because the current price range is suitable for investment. He said: raising the oil price to 100 per barrel will not damage the global economy. However, he also said that the current oil price range of $70 to $90 was "appropriate". "Not only producers, but also consumers have reached a tacit understanding: 70 yuan to 90 yuan is a suitable price, because it can encourage investment and do no harm to the global economy.

Iran is the second largest oil producer of OPEC, with about 10% of the world's oil reserves, and Iran is also the next rotating chairman of OPEC.

according to the latest news, this group was calculated by the weighted average price of 12 OPEC member states on November 12 The price of the woven basket was $83.67 per barrel at the quality inspection station, down $2.14 from the previous trading day. As of the week of November 12, 2010, the weekly average price of OPEC's basket of oil prices was $84.86 per barrel, up $2.13 from the average price of the previous week

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