International oil price rose 0.16% to close at 85.30 US dollars a barrel

Affected by various long and short positions, international oil prices rose slightly after the turmoil on the 25th.

On the same day, oil prices rose after the opening bell, mainly due to the decision of Warren Buffett to invest 5 billion U.S. dollars in U.S. largest bank U.S. banks to boost market confidence. But then, driven by various factors, oil prices oscillated.

According to data released by the U.S. Department of Labor, the initial jobless claims for the United States increased by 5,000 last week, and the result was worse than market expectations, indicating that the U.S. job market remains weak. And the news that Apple CEO Steve Jobs announced his resignation also hurt investor sentiment.

In addition, the US dollar rose to the highest point in three weeks on the day, and the exchange rate of currencies against a basket of currencies rose by about 0.3%. The strong dollar weighed on oil prices.

However, investors are still cautiously optimistic about the Federal Reserve Board’s forthcoming speech on the 26th, believing that Bernanke may hint at a new round of economic stimulus policies.

And as the "Irene" hurricane is about to attack the east coast of the United States, some refineries have begun to shut down production to prepare for the hurricane, resulting in reduced supply and pushing up oil prices.

At the close of the day, the price of light crude oil for delivery in October on the New York Mercantile Exchange rose slightly by 14 cents to settle at 85.30 US dollars a barrel, or 0.16%, and ranged from 83.01 US dollars to 86.56 US dollars. October London Brent crude oil prices rose by 47 cents to close at 110.62 US dollars a barrel, or 0.43%.