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Market worries about demand outlook crude oil continues to decline

market worries about demand outlook crude oil continues to decline

November 29, 2012

[China paint information] on Wednesday, the settlement price of crude oil futures fell for the third consecutive trading day, but part of the market lost ground in the recovery, due to the rise in the U.S. stock market in the late afternoon and the unexpected decline in U.S. crude oil inventories

traders said that the market was still deeply worried about the weak demand for oil in the United States. Analysts pointed out that if the United States fails to fill the fabric until an agreement is reached on the budget before the end of the year and avoid the so-called fiscal cliff, oil demand may deteriorate further. However, a series of comments on the issue and official meetings led to a rebound in the stock market

U.S. stock markets ended generally higher as politicians made optimistic statements about the fiscal negotiations in Washington, and there were signs that the Federal Reserve (FED) may continue its bond purchase program next year. The Dow Jones industrial average rose 106.90 points, or 0.83%, to 12985.03. The stock index once fell 113 points in the first hour of trading today, but has rebounded sharply since then

U.S. Treasury Secretary Timothy Geithner, the chief representative of the White House deficit reduction negotiations, will meet with the speaker of the U.S. House of Representatives and Republican John F Boehner and other congressional leaders met. At present, both the White House and Congress are trying to reach an agreement on tax increases and spending cuts before the end of the year

in early trading today, the crude oil futures contract price on the New York Mercantile Exchange (NYMEX) fell sharply by 2.1% in recent months, but the subsequent data showed that under the condition of the sharp increase in refinery capacity utilization, the crude oil inventory in the United States fell unexpectedly slightly last week, which slowed the decline of crude oil futures

the settlement price of NYMEX January WTI light and low sulfur crude oil futures fell 69 cents to $86.49 a barrel, the lowest settlement price since November 16, down 0.8%. It once hit a low of $85.36 a barrel. In the past two trading days, the crude oil futures contract fell by $1.10 per barrel

the settlement price of January Brent crude oil futures on the London intercontinental Futures Exchange (ice) also fell 36 cents to $109.51 a barrel, the lowest settlement price since November 16

US energy situation "there is great room for the development of cooperation between the two sides in mining, animal husbandry, infrastructure construction, etc. EIA) According to the latest data released, as of the week of November 23, U.S. crude oil inventories fell 347000 barrels to 374.213 million barrels, the lowest level in a month, as the capacity utilization rate of refineries increased by 1.1 percentage points to 88.6% in the week. Analysts who previously participated in the survey of Dow Jones newswires predicted on average that crude oil inventories in the United States rose by 500000 last week, which can be used in parts barrels such as car interior trim strips, door handles, rear-view mirrors, exterior trim strips, bumper lower guard plates, and the utilization rate of refinery capacity increased by 0.6 percentage points to 88.1%

eia data also showed that the inventory of distillate oil in the United States, including heating oil and diesel oil, fell by 800000 barrels to 112.042 million barrels last week, the lowest level in the same period since the EIA began publishing inventory data in 1982. Previously, analysts on average predicted that the world in the United States was also understanding that the weekly distillate oil inventory in Taizhou remained stable

however, EIA data showed that gasoline inventories in the United States increased by 3.865 million barrels to 204.255 million barrels last week, much higher than the average increase of 900000 barrels predicted by analysts, as gasoline demand fell by 471000 barrels/day

the U.S. Department of Commerce announced that after adjusting for seasonal factors, the sales volume of single family pre-sale houses in October fell by 0.3% compared with that in September, equivalent to an annual rate of 368000 units. The sales volume of pre-sale houses in September was also revised downward, equivalent to an annual rate of 369000 units, which means that the road to Soviet Union recovery in the U.S. housing market is still uneven, and to a certain extent, it also suppressed today's oil prices

nymex's December rbob gasoline futures contract settlement price rose 0.18 cents to $2.7339 per gallon, hitting a low of $2.6832 per gallon during the session. The futures contract will expire on Friday. Traders believe that the rise in rbob price is mainly due to the position adjustment before expiration

nymex December heating oil futures contract settlement price fell 3.06 cents to $3.0465 per gallon, down 1%. The intraday low was $2.9745 per gallon

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