U.S. dollar exchange rate falls as international oil prices rise strongly

The U.S. consumer confidence index fell and the consumer price index rose. The fall in the dollar exchange rate on Friday pushed up the price of oil. In addition, concerns about Iran’s supply disruption support Brent’s premium. At the close of trading on Friday in New York Mercantile Exchange, light crude oil settled at $107.06 per barrel in April, up $1.95 from the previous trading day; London Intercontinental Exchange Brent crude oil in April ** settled at 125.81 per barrel. US dollar, up 3.21 US dollars; New York heating oil in April ** 328.19 cents per gallon, up 5.94 cents; RBOB gasoline in April ** 335.69 cents per gallon, up 6.84 cents; London Intercontinental Exchange in April diesel $1035.75 per ton, up $11.75.

The price of gasoline** on the New York Mercantile Exchange was the highest since May 10, 2011. According to the settlement price of the New York Mercantile Exchange, the "3-2-1" profit of three barrels of crude oil refined into two barrels of gasoline and one barrel of heating oil on Friday was 32.880 US dollars per barrel, an increase of 0.797 dollars over the previous day.

The Reuters/University of Michigan Consumer Confidence Index showed that consumer confidence fell to 74.3 in March and is expected to be 76. The news caused the dollar exchange rate to fall and the euro exchange rate rebounded. The fall in the exchange rate of the United States dollar tends to increase the attractiveness of dollar-denominated commodities to investors and drive up oil prices. In the New York market, the euro rose 0.6% in late trade to close at $1.3164. This week, the euro rose a total of about 0.4% against the U.S. dollar, ending a two-week losing streak.

Reuters released an exclusive report on Thursday that the United States and Britain are formulating bilateral plans for the release of strategic oil reserves. Affected by this, the international oil price plummeted sharply. However, the United States soon denied this rumors and eased the market sentiment. However, fears of Iran’s supply disruption still pushed Brent crude oil up to its highest level in nearly three and a half years. Some European countries suspended Iranian crude oil imports before embargoing Iranian crude oil in July. EU Energy Commissioner Guenther Oettinger said on Friday that the EU has not considered immediate release of oil reserves, but is closely monitoring the current situation. Once the full embargo imposed on Iran’s crude oil exports goes into effect, the EU will reconsider this issue. He believes that he should make a decision by July. At present, there is no need to adjust the market supply because the market has sufficient supply and the price is reasonable.

The United States and the European Union have banned the import of Iranian crude oil, and they have also forced Asian oil importers to reduce Iranian crude oil through various means. Bloomberg News quoted an unnamed U.S. official as saying that if India does not substantially reduce its oil imports from Iran, the United States may seek penalties for India. According to the report, according to a new law on Iranian oil sales, the United States may decide to impose sanctions on India as early as June 28. However, an Indian Ministry of Foreign Affairs spokesperson said in an interview with Bloomberg that India has strictly complied with the UN-sanctioned sanctions. He also stated that although the sanctions imposed by individual countries have certain influence on commercial transactions, India is not bound by these sanctions from a legal point of view.

On Friday, May Brent crude oil settled at $18.23 higher than West Texas Light crude oil in May, up $0.98 from Thursday.

In the past week, the national oil price stabilized after turmoil. For the week ending March 16th, the New York Mercantile Exchange's first month of low-grade crude oil fell by a net $0.34, or a drop of 0.32%; the range spread was $3.786. The London Intercontinental Exchange Brent crude oil fell by 0.17 U.S. dollars in the first month, a decrease of 0.13%; the range price was 5.82 U.S. dollars.

OPEC crude oil export shipments decreased to accommodate seasonal demand declines. According to statistics from Oil Movements, a shipping consultancy in the United Kingdom, OPEC's crude oil export shipments to and from Angola’s 10 member countries for the four weeks ended March 31, 2012 are lower than the export shipments for the four weeks ending on February 18, 2012. The amount is reduced by 16 million barrels. The reduction was from the Middle East. Compared with the previous four weeks, the shipping volume in the Middle East decreased by 200,000 barrels.

According to the latest news, the package price of the organization calculated by the weighted average price of 12 member countries of OPEC on March 15 was US$123.03 per barrel, which was US$1.26 lower than the previous trading day.

The Asian benchmark Dubai crude oil spot market fell behind Western crude oil on Friday. Dubai crude oil delivered in May 2012 closed at $119.1 per barrel at the spot market, down $1.56 from the previous trading day. May Brent/Dubai is now trading at a price of US$4.2; in May WTI/Dubai, it is now trading at a price of US$-13.02.

On Friday, the Singapore Gasoline 95 was assessed at US$136.70 per barrel, down US$1.90. Singapore diesel oil in April was $136.30 per barrel, down $1.00 from the previous day.

On Friday (March 16), the Shanghai** Exchange's fuel oil ** rose generally, trading volume decreased, and open interest increased. There were no transactions in April ** and June ** in 2012. In May 2012, the trading activity was active. The opening price was 5,470 yuan per ton. The trading volume was 124 lots. The number of positions opened was 832 lots. It decreased 50 lots compared with the previous trading day. The closing price in the afternoon was 5472 yuan per ton; the settlement price was 5471 yuan per ton. Compared with the previous trading day, the settlement price rose by 2 yuan, and the trading range was 5463-5480 yuan per ton.

On Friday (March 16), the crude oil and refined oil products of the Tokyo Commodity Exchange fell. March crude oil ** settled at 63,900 yen per cubic meter, a decrease of 450 yen from the previous trading day, the volume of 128 hands; April gasoline ** closed at 78,970 yen per cubic meter, compared with the previous day's settlement price It fell 930 yen, trading volume was 760 lots; in April, the settlement price of kerosene ** was 73,150 yen per cubic meter, which was 600 yen lower than the previous day's settlement price, and the trading volume was 137 lots; April diesel ** settlement price At 76,500 yen per cubic meter, it was down 600 yen from the previous trading day, and the trading volume was 44 lots.

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