The hottest NYMEX crude oil closed higher due to t

2022-08-21
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(NYMEX crude oil closed) crude oil prices fell slightly on Thursday due to the strong rise of the US dollar

(NYMEX crude oil closed) crude oil prices fell slightly on Thursday due to the strong rise of the US dollar

November 01, 2013

[China paint information] due to the fact that the US export share to emerging countries announced within the day will also be greatly increased, the Chicago PMI rose to a high in more than two years, while the European data was bleak, boosting the US dollar, and crude oil prices fell slightly. In addition, EIA data released overnight showed that U.S. crude oil inventories continued to increase, which is expected to limit the room for crude oil prices to rise in the future. The crude oil market closed lower on Thursday. NYMEX crude oil futures fell $0.39, or 0.40%, to close at $96.77 per barrel

trend description on Thursday (October 31):

during the Asian period, crude oil prices continued at 96 Fluctuate between $60. At the beginning of the European session, crude oil prices rose slightly above $97, but then fell, reversing previous gains. At the beginning of the session in New York, crude oil prices extended their decline, hitting an intraday low of $96.03 per barrel, rebounding slightly and falling again to around $96.70

nymex crude oil futures hit a peak of $97.03 per barrel and a minimum of $96.03 per barrel, down $0.39 to close at $96.77 per barrel, down 0.40%

Fundamentals: 1 Data released by the data compilation agency on Thursday showed that the Chicago purchasing managers' index in October was 65.9, expected to be 55.0

fundamentals negative factors: 1 Data released by Eurostat on Thursday showed that the initial value of HICP in the euro zone increased at an annual rate of 0.7% in October, the lowest since November 2009, and the previous value increased by 1.1%. 2 metal materials are in the process of tensile testing Data released by Eurostat on Thursday showed that the unemployment rate in the eurozone in September was 12.2%, expected to be 12.0%, and the previous value was 12.0%. 3. Data released by the U.S. Department of labor (DOL) on Thursday showed that after seasonal adjustment, the number of initial jobless claims in the United States decreased by 10000 to 340000 in the week of October 26, with an expected 339000, up from 350000

Outlook:

Harry tchilinguirian, commodity market strategist at BNP Paribas, said, "the increase in U.S. crude oil inventories was unexpectedly large. In addition, the low utilization rate of refineries also made inventory consumption slower."

Julius walker, global energy market analyst at UBS, said, "it is expected that the premium of Brent crude oil to US crude oil will not continue to widen or be slightly revised in the future." Walker previously predicted that the average price of crude oil in the United States in the fourth quarter of this year would be $95/barrel

focus on Friday

Australian producer price index for the third quarter  Us October ism Manufacturing Purchasing Managers' index US October ism manufacturing output index US October ism manufacturing employment index US October ism manufacturing inventory index US October ism manufacturing price payment index US October ism manufacturing new order index US October St. Louis Federal Reserve Chairman Brad delivered a speech on US economic and monetary policy St. Paul Minneapolis Federal Reserve Chairman Kirsch Lakota was at a Opening address at the meeting

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