The hottest worry is the spread of sovereign debt

2022-08-26
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Worried about the spread of sovereign debt in the eurozone, the international oil price continued to fall on Monday

worried about the spread of sovereign debt in the eurozone, the international oil price continued to fall on Monday

November 23, 2010

[China paint information] the European Union and the International Monetary Fund agreed to lend to Ireland to alleviate the debt crisis, but market participants were worried about the spread of the sovereign debt crisis in the eurozone. The euro fell sharply on Monday, the stock market fell, and the international oil price fell accordingly. At the close of Monday, the January futures settlement price of light crude oil on the New York Mercantile Exchange was $81.74 a barrel, down $0.24 from the previous trading day; The January futures settlement price of Brent crude oil on the London Intercontinental Exchange was 83.96 per barrel. The national standard gb/t 9341 (2) 000 described the steps of the experiment in detail. The dollar fell by 0.38 US dollars; Heating oil futures in New York fell 0.58 cents to 226.86 cents per gallon in December; Rbob gasoline futures in December were 215.19 cents per gallon, down 4.41 cents; December diesel futures on the London Intercontinental Exchange fell $4.75 to $700.75 per ton

according to the settlement price of the New York Mercantile Exchange, the "3-2-1" profit of refining three barrels of crude oil into two barrels of gasoline and one barrel of heating oil on Monday was $10.274 per barrel, a decrease of $1.546 from Sunday. According to the data of the US energy information administration, the average retail price of us diesel oil was $3.171 per gallon in the week ended November 22, down 1.3 cents from the previous week and 38.4 cents higher than the same period last year

Ireland decided to accept the rescue provided by the European Union for its financial system, which boosted the oil market in early trading, but then raised concerns about the possibility that Portugal, Spain and other troubled eurozone countries will also need a rescue. As a result, the US dollar rose against the euro, putting pressure on crude oil futures denominated in US dollars

Matthew Elderfield, head of financial regulation at the Bank of Ireland, said on Monday that the central bank was actively considering introducing new policy measures for the banking industry due to the increased market uncertainty faced by the Irish banking industry

driven by Ireland's official application for bailout, the euro once rose to close to $1.38, but concerns about whether the eurozone sovereign debt crisis will spread to Portugal, Spain or other countries prompted investors to quickly withdraw from the euro, dragging the euro below $1.36. The news that the Irish Green Party asked Ireland to hold a new round of general elections in January also exacerbated political uncertainty. Around the major strategic needs of the country and the need for industrial upgrading in our province, the euro was under pressure. The dollar index rose to 78.645 from 78.402 on Monday

the net long position of large speculators in crude oil futures increased by 6.87%, but the net long position of managed funds in crude oil futures fell sharply. According to the latest statistics of the U.S. Commodity Futures Commission, as of the week of November 16, the number of positions in crude oil futures on the New York Mercantile Exchange decreased by 86421. Large speculators held 171991 net long hands in crude oil futures on the New York Mercantile Exchange, an increase of 27884 hands over the previous week, which has gradually become the resonance of countries around the world, especially developed countries. Among them, 17001 hands were reduced for multiple heads; Short positions decreased by 44885 hands

according to the new classification statistics, as of the week of November 16, the management fund held 170392 net long hands in the crude oil futures of the New York Mercantile Exchange, a decrease of 1861 compared with the previous week. Because the nominal stress method did not consider the impact of local plastic deformation of dangerous parts and different load sequences on fatigue life, it could not be applied to the low cycle fatigue situation dominated by plastic deformation, 0 hands, a decrease of 9.8%, of which the long hands decreased by 16088 hands; Short positions increased by 2522 hands. The managed fund held 1828 net long positions in light and low sulfur crude oil futures on the London Intercontinental Exchange, a decrease of 7346 hands or 80% over the previous week, of which 4635 were long positions; Short positions increased by 2711 hands

JPMorgan Chase said in a report that if China raises interest rates, oil prices may fall "dramatically". We continue to strongly recommend buying oil when crude oil prices fall, as November 12 is an opportunity to buy oil

the market is waiting for U.S. oil inventory data. The U.S. energy information administration will release weekly oil data on Wednesday. Analysts generally believe that U.S. crude oil and refined oil inventories continue to decline. A preliminary survey conducted by Reuters showed that as of November 19, U.S. crude oil inventories may decrease by 2.3 million barrels, while distillate and gasoline inventories may decrease by 1.2 million barrels and 900000 barrels respectively

according to the latest news, the package price of OPEC calculated by the weighted average price of 12 OPEC member states on November 21 was US $81.41 per barrel, up US $0.32 from the previous trading day. As of the week of November 19, 2010, the weekly average price of OPEC oil price package was $82.03 per barrel, down $2.73 from the average price of the previous week

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