International oil price rises after the most refin

2022-08-01
  • Detail

The refinery reported that there was a failure, and the international oil price rose

the refinery reported that there was a failure, and the international oil price rose

April 7, 2008

[China paint information] due to the weakness of the US dollar, at the close of trading on Friday, the May futures of light crude oil on the New York Mercantile Exchange was US $106.23 per barrel, up US $2.40 over the previous trading day; May Brent crude oil futures on the London Intercontinental Exchange were $104.90, up $2.38; New York heating oil futures in May were 299.21 cents per gallon, up 6.93 cents; Rbob gasoline futures in May were 275.67 cents per gallon, up 3.24 cents; April diesel futures on the London Intercontinental Exchange were US $963.25 per ton, up US $6.50 from the previous trading day

the U.S. Department of labor announced on Friday that in March, the number of non-agricultural employment in the United States, which is not only an indispensable basic production link for a large number of industrial and agricultural products, decreased by 80000, the third consecutive month, and the highest number since March 2003. Weak data added to concerns about the US recession, leading to a weaker dollar. The international oil price is usually inversely proportional to the trend of the US dollar, because the depreciation of the US dollar not only increases the attractiveness of oil futures as investment products, but also makes the oil price cheaper for buyers who hold other currencies in the industry, which has a negative impact on the revenue of oil producers and forces them to raise their prices

Copyright © 2011 JIN SHI