The Dollar Rebounded &Nbsp; Crude Oil Fell 2.4% To 80.56 Dollars On Thursday.
Beijing time on October 22nd morning news, crude oil prices opened lower on Thursday, then US dollar exchange rate Of rebound bring crude oil Prices appear sharply Slide downward 。 The main oil contract fell to $80.56 a barrel on Thursday.
The New York Mercantile Exchange's main oil contract in December fell $1.98 to $80.56 a barrel, or 2.4%, on December.
The Philadelphia fed index released on Thursday showed that manufacturing activity in the central the Atlantic coast was not as fast as market expectations, and crude prices were also hit.
As of the end of the crude oil market, the US dollar index for tracking six major currencies was reported at 77.46 points, or about 0.4%. The US dollar index fell to 76.844 points in the session. A stronger US dollar means that the holding cost of commodity futures priced in dollars is relatively higher, which is unfavorable to the price of futures products.
Peter Beutel, President of Cameron Han Wall, a trading consultant, believes that the most strange thing about the crude oil market is that the market seems to have no memory. What happened yesterday has nothing to do with it today, and there are great fluctuations every day. Crude futures closed up about 3% on Wednesday as the growth rate was smaller than expected crude oil inventories and falling US dollar exchange rates.
At the same time, the price of natural gas contracts has been hit hard by the increase in inventories over market expectations. In November, the natural gas contract fell 17 cents on Thursday, to $3.37 per Mega thermal unit, or 4.8%. This is the lowest closing price of the main gas contract since mid 2009 in 9.
According to the US Department of energy's energy information department, US gas inventories increased by 93 billion cubic feet in the week ending October 15th. Previous market research shows that analysts generally expect natural gas inventories to increase by 86 billion cubic feet to 90 billion cubic feet last week. Natural gas inventories increased by 23 billion cubic feet in the same period last year, and the average change in five years is 54 billion cubic feet.
China's data show that in September, China's crude oil processing volume was 8 million 490 thousand barrels per day, up 6.6% from the same period last year, and the second highest level since the record.
"China is still the main pillar of global oil demand," an analyst at Commerzbank said in a customer report on Thursday. According to another source, China may start its first oil price increase since April. Considering the high profit margins of refineries, this will push China's refineries to further improve their processing capacity. "
In terms of other energy products, formula gasoline fell 4 cents on November, at $2.04 a gallon, or 2%, while heating oil fell 4 cents in November, or 1.8%, at $2.21 a gallon in November.
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