The oil price has approached again $100 in the internation
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In Japan with nuclear Middle East unrest the risk of leakage, the seesaw effect international oil price again on Thursday morning session punches. New York oil prices rose 1.6 per cent to once near $100, drive copper, nickel and other commodities are going strong. BHP resource shares also on Thursday before the europeans dish of higher.
Analysts believe that the short term, investors will focus on again on the situation in the Middle East, that could mean Japan's nuclear leaks to market with a slight relieve the pressure. However, commodity market outlook largely will still subject to Japanese earthquake and nuclear leak progress.
Stocks continued higher prices
The New York market on Wednesday, oil prices have parted ways with the stock market show a trend of ". On the same day, by Japanese earthquake factor drag, these stocks fall down significantly, generally close to even more than 2%.
However, is that in such weak pattern, international oil prices still stubborn accept high. 16 New York, New York mercantile exchange closed on April delivery of light oil futures prices 80 cents a barrel, closing at $97.98, or 0.8%. London market April delivery beihai brent crude oil futures prices, closing at $2.10 110.62 dollars a barrel, or as much as 2%.
On Thursday, the international oil prices continue to electronic tray remains strong. By Beijing time 17 when 15 points, New York 19 April rose 1.8%, achieve crude oil futures $99.73. Previously, oil prices to $99.86 once. London brent crude oil futures also rose sharply, April rose 1.9%, to contract once $112.6.
Analysts note released Wednesday, U.S. crude oil inventories of oil prices constitute part of data, and support. The U.S. energy QingBaoShu figures, ending March 11, in a new commercial crude oil inventories, the United States increased 1.7 million barrels, a growth rate lower than expected, also less than a week before a 2.5 million barrels. Reducing the supply of U.S. crude oil prices rose increase.
Credit suisse commodities analyst, said benito byrs crude oil market is threatened by the two forces current traction. One is for the Japanese investors concern about the effect of the earthquake, the local many refineries, the factory also already forced the closure of mass have no electricity production; On the other hand is geopolitical factors.
Paris bank estimates, affected by the quake, Japan this year's GDP growth may reduce 0.9 percentage points. Some agencies may even think that Japan's economic growth may reduce up to 3 percentage points. For Japan, the world's third-largest oil consumer speaking, this could mean a massive loss of oil demand.
In fact, earlier on Thursday, crude oil prices briefly with Asian markets fell sharply while subdued, New York oil prices plummeted more than 1% once. For the Japanese nuclear leakage accident by could worsen worries that affect stock market plunged again, asia-pacific.
Tensions in the Middle East or so "oil emotion"
Market participants from over the past two days, said the situation look, at least in the crude market, investors are still more sensitive to supply, rather than demand. Therefore, compared with Japan earthquake, more can affect the market situation in the Middle East nerves.
The past few days, north Asia regional situation continued turbulence. Investors worry, Middle East biggest producers Saudi Arabia may be bahrain situation affected. In addition, the region another important oil-producing countries to Saudi troops stationed in bahrain Iran expressed dissatisfaction in this area, add to the instability variables, investors fear intensified.
On the other hand, Libya's main oil-producing countries in Africa still also volatile situation, after news that, Libya 160 million barrels of daily production, has two thirds by situation unrest forced the closure.
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Author Resource:-
xia zihui from http://www.homedecorationsupplier.com, China Childrens Wall Stickers, Removable Switch Sticker Manufacturer, Removable Wall Stickers,
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By :
Jessie Stone
Submitted
2011-04-21 06:46:09 |
Article From Article Mayhem
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