The hottest NYMEX crude oil closed stronger in Mei

(NYMEX crude oil closing) US crude oil fell slightly on Thursday due to the easing of the European bank and the strengthening of the US dollar

(NYMEX crude oil closing) US crude oil fell slightly on Thursday due to the easing of the European bank and the strengthening of the US dollar

November 7, 2014

[China paint information] as the European bank promised to take unconventional stimulus measures when necessary, and Draghi said that this was the constant opinion of the European bank management committee. The euro fell sharply, while the number of initial jobless claims in the United States was lower than expected, and the US dollar continued to rise, Oil prices are under pressure. NYMEX crude oil futures fell $0.77, or 0.98%, to $77.91/barrel

description of the trend on Thursday (November 6):

crude oil Asian market was sideways consolidated on Thursday, and the European market price began to fall in the morning. After the European bank's interest rate resolution meeting, Draghi held a press conference. The decline of the euro pushed up the US dollar, and the US crude oil expanded its decline and set a new daily low of US $77.12/barrel. During the New York period, the oil price fluctuated widely, and finally closed at US $77.91/barrel

nymex crude oil futures hit a maximum of $78.98 per barrel and a minimum of $77.12 per barrel

at the request of EU countries, German Chancellor Angela Merkel and her government put forward a new investment plan, which will allocate an additional 10 billion euros (about US $12.4 billion) for investment starting from the export volume of US $26billion in 2016. German finance minister Schaeuble said that the latest German tax forecast released overnight provided room for additional fiscal expenditure. As the largest economy in Europe, Germany can continue to adhere to the goal of Merkel's fiscal balance, and let Germany's finance achieve a surplus in 2016 for the first time since 1969

the US crude oil inventory growth was less than expected, and the US employment growth was strong, easing concerns caused by a series of weak data from China. Previous data showed that U.S. crude oil inventories rose slightly by 460000 barrels in the week ended October 31, less than the rise of 2.2 million barrels expected by analysts

the European Central Bank (ECB) announced on Thursday (November 6) that interest rates would remain unchanged. Draghi said at the subsequent press conference that the ECB would soon start buying ABS (asset-backed securities), the central bank's bond purchase plan would last for two years, and the balance sheet size would return to the level at the beginning of 2012. At the same time, he said there were signs that the economic growth expectations of the euro zone might be further revised down

after the quarterly adjustment of November 1, the number of initial jobless claims in the United States decreased by 10000 to 278000, and is expected to be 285000, with the previous value revised to 288000, and the lowest level in nearly three weeks, indicating that the labor market in the country continues to accumulate momentum. As one of the forward-looking indicators of the employment report, the initial jobless benefits report is strong, indicating that the U.S. employment report in October will perform well

Morgan Stanley, an internationally renowned investment bank, said in a report on Wednesday (November 5) that although Saudi Arabia lowered the price of crude oil sold to the United States, the overall level is still at a multi-year high, so there is no sign of price war. Morgan Stanley predicts that oil prices may rebound strongly in the coming months, but there are also some variables, such as the OPEC oil conference held on November 27. Adam longson, an analyst at the investment bank, pointed out that the clamping mode of the fixture has developed from the original mechanical clamping to pneumatic clamping and hydraulic clamping. "At present, the market is very sensitive to changes in crude oil news. 2 this also shows that once the mood changes, the oil price will quickly reverse."

ed Morse, the world's chief commodity analyst at Citi, said in a report on Thursday (November 6) that even if US crude oil fell below $75 a barrel, the daily output of US crude oil would increase and the speed of pressing the jaw seat lifting button would maintain a relatively high level in recent years

focus on Friday:

German September quarter adjusted trade account

UK September commodity trade account

Canada October employment population change, unemployment rate

United States October non farm employment population change, unemployment rate

Yellen delivered a speech at a panel discussion on "monetary policy since the financial crisis"