Crude Oil Prices Fall, Cotton Prices Weaken

< p > here the world is < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank".

< /p >

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201408/06/20140806025036_sj.JPG "/" < < > >

The data released by the Ministry of Commerce on Wednesday (P < < a href= > http://www.91se91.com/news/index_p.asp > > < /a > >) showed that the actual GDP final value of the second quarter of the United States increased by 4% in the annualized quarter, reversing the decline of 2.9% in the first quarter, and significantly higher than the expected growth of 3%. At the same time, although the price growth was still weak and geopolitical tensions threatened the economic recovery, the confidence index of the euro zone economy increased unexpectedly. According to the data released by the European Commission on Wednesday, the euro area economic prosperity index rose to 102.2 in July, which was mainly boosted by the rebound in the industrial and construction industries. These data show that the US and EU have a brighter economic future and have an impact on the US dollar index, global stock market and international commodity prices.

< /p >

In August 1st P, the US dollar index closed at 81.30 points, an increase of 0.34% over a week ago. The index was once again refreshed for 10 months. The CRB index reflecting changes in international commodity prices was 292 points, down 1.96% from a week ago.

< /p >

< p > crude: Europe and the United States announced the latest sanctions against Russia's three core areas. The US GDP in the two quarter was much bigger than expected, but failed to provide obvious support for crude oil.

On Friday, the New York Texas light crude oil (WTI) futures contract closed at $97.88 a barrel, down 4.12% from a week ago, and London crude oil futures fell 104.84, down 3.28%.

Although the GDP data in the two quarter have improved significantly, the weakening of us fuel demand outlook in the summer is still the main negative factor for crude oil, and the oil market will remain weak at the moment.

The report issued by Barclays on Wednesday maintained that the WTI crude oil price estimate in 2014 remained unchanged at $102 / barrel, but the 2015 WTI crude oil price estimate was raised from $100 / barrel to $102 / barrel.

But AdamSlater, a senior economist at OxfordEconomics, believes that if Western countries impose further economic sanctions on Russia and cut off trade with Russia completely, oil prices will rise to 200 dollars / barrel.

< /p >

< p > Cotton: after the US government expected the us a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a > bumper harvest and global oversupply intensifies, speculators sold off, and the cotton market hit a low of 5 years. The largest monthly decline in July 2011 has been recorded in recent months.

Cotton futures for New York's Intercontinental Exchange (ICE) fell 4.10% at 62.49 cents a pound on Friday, while the outlook for cotlook-A in the UK was 72.15 cents, down 11.09%.

ICE cotton prices have fallen by 30% over the 90 cents they hit in March.

The US Department of agriculture's monthly report predicts that at the end of the 2014/15 crop year, global cotton inventories will rise to a record high of about 106 million packets, creating a huge negative impact on the market.

< /p >