The hottest U.S. economy was less than expected, a

The U.S. economy was less than expected, and the crude oil futures in New York fell by 2%

the U.S. economy was less than expected, and the crude oil futures in New York fell by 2%

January 7, 2011

[China paint information] the U.S. economic data released on Thursday was less than expected, and the international oil price fell back under the pressure of the rise of the U.S. dollar exchange rate. However, London Brent crude oil futures fell less than New York light crude oil futures, and the premium of Brent crude oil to WTI was as high as $6.56, the highest in seven months. At the close of trading on Thursday, the settlement price of February light crude oil on the New York Mercantile Exchange was $88.38 per barrel, with a counterclockwise rotation of yuan, down $1.92 from the previous trading day; London Intercontinental Exchange Brent crude oil futures in February settled at $94.52 a barrel, down $0.98; New York heating oil futures fell 3.10 cents to 251.12 cents per gallon in February; Rbob gasoline futures in February were 244.3 cents per gallon, down 0.21 cents; London Intercontinental Exchange January diesel futures fell $2.25 to $775.25 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 Thursday was $15.181 per barrel, up $1.427 from Wednesday

although the US dollar exchange rate continued to rise, international oil prices rose and fell in the four trading days of this week, which means that the fluctuation of the US dollar is not the only factor affecting oil prices. In the highly nervous commodity futures market, once there is a slight change in the news, investors will reverse the direction. In recent years, the data of manufacturing and service industries in the United States have shown an upward trend, and the expectation of employment rate is also optimistic. The crude oil futures in Europe and the United States are firmly around $90 a barrel

the lower than expected December retail sales on Thursday dragged down the U.S. stock market and depressed crude oil futures. Many large U.S. retailers announced same store sales in December, which disappointed the market. Chain store sales rose, but lower than market expectations. Meanwhile, data released by the U.S. Department of labor showed that the number of initial jobless claims in the United States increased, while the previous week's data were underestimated. As of January 1, 409000 people applied for unemployment benefits for the first time in the week, an increase of 18000 over the previous week. The number of people applying for unemployment benefits for the first time in the previous week was revised up from 388000 to 391000. The four week moving average of first-time jobless claims fell by 3500

analysts believe that the less than expected employment and sales in the United States have affected the market atmosphere, and people withdraw from commodity futures. However, the market is still waiting for the US nonfarm payrolls report on Friday. If the US unemployment rate drops in December, international oil prices may rebound again

the premium of Brent crude oil futures to U.S. benchmark crude oil futures rose to the widest since May 2010. The important reason is that Asia and Europe have increased demand for crude oil and refined oil, and European economic data have also increased expectations for future oil demand. The EU monthly survey showed that the euro zone economic prosperity index rose to a 38 month high in December; Data released by the German Ministry of economy on Thursday showed that German factory orders increased five times as much as analysts had expected. In November, German factory orders increased by 5.2% compared with October, the largest increase since January 2010, while analysts had expected an increase of 1.6%

optimism surrounding the US economic recovery prompted investors to sell the euro. The US dollar exchange rate continued to rise this week. There was an approximate conversion relationship between the hardness value and tensile strength value of materials in New York on Thursday. The euro fell to the lowest level against the US dollar in more than a month, falling below US $1.30 at one time in the session

the peak demand in winter will pass, and the volume of OPEC crude oil export shipments will drop sharply. According to the statistics of oil movements, a shipping consultancy in the UK, as of the four weeks ended January 22, 2011, the crude oil export shipping volume of 10 OPEC member countries except Ecuador and Angola was 23.6 million barrels, a decrease of 310000 barrels from four weeks ago. This is the largest decline in the volume of OPEC crude oil export ships since the four weeks ended October 2, because the volume of crude oil ships bound for the East has decreased. Mason, the head of the agency, said that usually at the beginning of the year, the volume of OPEC's export ships will decline

the OPEC crude oil production quota has remained unchanged for two years in order to reduce the weight of aircraft. Qatar's oil minister al attiya said on Thursday that OPEC would hold an emergency meeting only if the oil market was in short supply. He told in Doha, the capital of Qatar: the high price of crude oil is not driven by the shortage of supply. At present, the market is in abundant supply