Rise In Foreign Exchange Markets Led To Suppress The Oil Market Gains

HC plastic mesh News: U.S

HC plastic mesh News: U.S. February existing home NAR Sell Data showed the U.S. housing market increasingly stabilized, put oil shock led Europe and the United States stock indexes rose, but the Greek dollar debt worries lift again, so that limited the price of oil edged higher. Although oil prices volatile day, but less than 1.7% amplitude the day, the market expected the next two days the announcement of inventory data for further guidance.

The United States in February NAR existing home sales fell an annualized monthly rate of 0.6%, sharply lower than in January the situation has improved. U.S. housing market upturn boosted risk appetite. Economy Data prompted the major European stock markets higher good, U.S. stocks rose sharply, indicating that market confidence in the global economic recovery continued to strengthen and push forward the demand for commodities investors.

Day decline against the dollar, the euro, as investors worried that the euro area policy-makers at a summit later this week is unlikely to put the Greek aid program, which may suppress the price of oil.

The European Union will be held March 25-26 summit, the meeting will discuss assistance to the Greek problem. Within the European Union on how to aid the current issue of divergence of Greece, the meeting is still unknown whether the substantive agreements reached. If the meeting failed to make substantive progress on this issue, the market sentiment will be further suppressed.

In addition, the International Energy Agency (IEA) Executive Vice President RichardJones Monday (March 22) that the oil price downside risk. In the next 3-4 years, new Oil Production, especially in Brazil and West Africa's oil, will keep oil prices under pressure.

23 K line graph shows, NYMEX5 month crude oil futures closed at upper and lower cross-hatched little yang sing. Oil prices topped 82.00 U.S. dollars / barrel mark, but eventually fell Difficult. K line at the 5th day and 10 day moving average moving average between the 5 day moving average down Guaitou, 10 moving average rose slightly, indicating a breakthrough price of oil will continue to seek direction.

Tuesday announced after the close of the NYSE oil American Petroleum Institute (API) data showed the U.S. on March 20 week, 750 million barrels of crude oil stocks increased substantially. The data show that the U.S. crude oil supplies to maintain adequate state, or demand for crude oil will continue to maintain its weakness. Wednesday New York crude oil in Asia Electronic Plate affected the level continued to drop open. Local dealers expect the EIA inventory data released Wednesday for further guidance.

NYMEX-5-month crude oil futures settled CLK0 closed up 0.31 U.S. dollars price, or 0.38%, to 81.91 U.S. dollars a barrel, today's intraday trading range between 80.85-82.20 U.S. dollars. London Brent crude for May

LCOK0 settle at 0.16 U.S. dollars, or 0.2%, to 80.70 U.S. dollars a barrel, after trading between 79.85-81.17 U.S. dollars.

by: pretty

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