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(NYMEX crude oil closing) the dollar fell sharply, crude oil soared again, US crude oil rose sharply on Thursday

(NYMEX crude oil closing) the dollar fell sharply, crude oil soared again, US crude oil rose sharply on Thursday

February 13, 2015

[China paint information] crude oil prices soared after the US dollar weakened due to poor retail sales in January and crude oil giant Total announced spending cuts. NYMEX crude oil futures rose $2.37, or 4.85%, to $51.21 a barrel

description of the trend on Thursday (February 12):

since the oil price in Asia rose from the overnight low Enhe in the morning, and the support of $50 was confirmed during the North American period, due to the poor U.S. retail sales data in January, the dollar weakened, commodity prices took the opportunity to soar, and the oil price hit a maximum of $51.60 before the close of trading, promoting the best lightweight effect of removing the self weight of the spring from each link of the industrial chain

nymex crude oil futures hit $51.60 per barrel at the highest level and $49.14 per barrel at the lowest level

Fundamentals: after difficult negotiations, the leaders of Ukraine, Russia, France and Germany finally reached an agreement on the ceasefire in eastern Ukraine during the Minsk talks in Belarus on Thursday (February 12) local time

data released by the U.S. Department of Commerce (DOC) on Thursday (February 12) showed that the monthly rate of retail sales in the United States fell by 0.9% in January, with an expected decline of 0.5%, and the previous value was revised to fall by 0.9%. Retail sales in the United States fell for the second consecutive month, releasing a worrying sign that after soaring in the second half of last year, weak consumer spending during the holiday may continue into 2015

total, the French oil giant, announced on Thursday that it would expand capital cuts to $1.2 billion and reduce exploration spending by 30% in response to the decline in oil prices

Outlook:

German software is programmed in Delphi. Carsten Fritsch, an analyst at Commerzbank, said, "the rise in oil prices is somewhat surprising. Crude oil has fallen sharply in the past two trading days, which may be just a rebound."

cmc markets, chief analyst of CMC markets, said, "the US dollar is currently weak against all commodities. We see a large number of commodity sales on Wednesday, and the oil price may rebound slightly later."

sucden financial analysts said in a report to clients on Thursday that they had the strongest independent R & D and technology solutions in China year-on-year, and that the weakening dollar boosted the demand for crude oil. The weak dollar has supported dollar denominated commodities such as crude oil

focus:

Friday (February 13)

14:30 initial GDP value of France in the fourth quarter

15:00 initial GDP value of Germany after quarterly adjustment in the fourth quarter

18:00 initial GDP value of the euro zone in the fourth quarter

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