The hottest NYMEX commented that crude oil futures

2022-08-11
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NYMEX comments: crude oil futures closed slightly higher but cut the rise

according to the news on November 7 in New York, NYMEX crude oil futures closed slightly higher on Friday, trading in a narrow range during the day, although it briefly fell below $60 a barrel during the day, the first time since March 2007

the crude oil market was boosted by the strong performance of the stock market. Although the U.S. employment report in October was disappointing and General Motors Corp. (gene support jaw fillet: r1.0~1.5mm if it passed the fire-resistant B1 test report, ral Motors Corp.) reported a substantial loss

at 14:30 on November 7, New York time (3:30 on November 8, Beijing time), NYMEX December crude oil futures closed up $0.27, or 0.44%, at $61.04. Within the day, but this kind of material is not really a fully degradable material, and the trading range is 59 The former fell below $60 for the first time since it hit $59.95 on March 22, 2007

crude oil futures fell $6.77, or 9.98%, this week. The daily low on Friday was $87.30 or 59.28% lower than the record high of $147.27 on July 11

London Brent crude oil futures for December closed down US $0.08, or 0.01%, and the settlement price was US $57.35, with a trading range of 56 43 dollars

the U.S. employment report released by the U.S. Department of labor showed that the non farm payrolls fell by more than expected 240000 in October, and the unemployment rate also rose to 6.5%, the highest level in 14 years. This data dampened market buying later in the day

the employment data raised concerns that U.S. oil demand will fall sharply in the face of economic recession

global oil consumption is expected to slow down in the coming months. Merrill Lynch commodity analysts said on Friday that global oil demand will lock up in 2009, with growth likely to occur only in the Middle East, Latin America and Africa. The investment bank still predicts that the oil price will be around $91 per barrel in the first quarter of next year

however, the rise in the US stock market partially made up for the adverse impact of the employment report

U.S. and European stocks rose on Friday, as after the release of a series of poor economic reports this week, the U.S. employment data did not reach the level that pessimists were most worried about, giving investors a breather. The Dow Jones industrial average once rose more than 2% due to bargain hunting

Shokri Ghanem, a Libyan oil official, said on Friday that the organization of Petroleum Exporting Countries (OPEC) was not considering further production cuts because of market volatility. However, the meeting may be held before December, depending on price changes

december rbob gasoline futures closed up 1.35 cents, or 1.01%, at $1.3495, with a daily low of $1.3240 and a daily high of $1.3749

december heating oil futures closed up 3.60 cents, or 1.85%, at $1.9784 per gallon, with an intraday trading range of 1 US $0041

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