Demand outlook is better, NYMEX crude oil closed sharply higher on May 2

the European Central Bank cut interest rates by 25 basis points as expected, market liquidity increased, while the United States released better economic data, while European Union official Van Rompuy called for an immediate stimulus to economic growth, raising the outlook for crude oil demand, oil prices rose sharplyNYMEX May crude futures hit a high of $94.25 a barrel, reaching a low of $90.65 a barrel, up $2.96, or 3.25 percent, at $93.99 a barrelFTE
Thursday (May 2) trend description:FTEthe European Central Bank cut interest rates by 25 basis points as expected, market liquidity increased, while the United States released better economic data, while EUROPEAN Union official Van Rompuy called for immediate stimulus to economic growth, raised the outlook for crude oil demand, oil prices rose sharplyFTE
The daily K-line chart shows that NYMEX Crude oil futures closed at the changyang line with the lower shadow lineCrude oil prices held steady in AsiaEuropean sessions continued to fall and closed lowerFTE
NYMEX May crude futures hit a high of $94.25 a barrel, reaching a low of $90.65 a barrel, up $2.96, or 3.25 percent, at $93.99 a barrelFTE
　　Fundamental sourcing: FTE 1 The European Central Bank has cut its benchmark interest rate by 25 basis points to 0.50 per cent, while cutting lending rates by 50 basis points to 1.00 per cent, keeping deposit rates unchanged at zero At the same time, Mr Draghi said the ECB's decision to cut interest rates was unanimous and there was a strong consensus He is also open to negative interest rates, and when asked about negative deposit rates, he said the ECB was technically ready FTE
　　Kevin Warsh, a former Federal Reserve governor, said that at a critical time in the economic crisis, "experimental quarterly monetary easing has a better risk-to-return ratio." But he also pointed out that the financial crisis had been over for years FTE
　　The number of americans who started asking for unemployment benefits fell sharply last week to its lowest level since January 2008, but the number of people who continue to take out of work rose, according to data released Thursday by the U.S Labor Department The number of americans asking for unemployment benefits fell 18,000 to 324,000 at the start of the week on April 27, with an expected 345,000, according to the data FTE
　　Business activity in the New York area rebounded last month after a march-time slowdown, according to data released Thursday by the Institute for Supply Management The U.S ISM Business Activity Index rose to 58.3 in April, up from 51.2, the data showed The index was slightly below its highest level since March 2012 at 58.8 FTE
　　The euro zone's manufacturing contraction narrowed in April, more than expected, according to data compilor Markit on Thursday The euro zone's Markit Manufacturing Purchasing Managers' Index (PMI) hit a four-month low of 46.7 in April, starting at 46.5 and ending in March at 46.8, the data showed FTE
　　European Council President Herman Van Rompuy said on Thursday that EU governments and institutions must take immediate steps to boost economic growth as patience for austerity is running out FTE
　　Fundamentals: FTE 1 The Bank of Japan on Thursday released the minutes of its April 3-4 policy meeting, which showed some members were concerned about the risks of massive easing FTE
　　Germany's Markit/BME manufacturing purchasing managers' index (PMI) in April, though slightly higher than expected, hit its lowest level since December, casting a shadow over the country's prospects for economic recovery, according to data compilor Markit on Thursday Germany's Markit/BME manufacturing PMI ended at 48.1 in April, with an expected 47.9, the second consecutive month below 50, the data showed Manufacturing accounts for about a fifth of Germany's economy FTE
　　Technical surface pattern analysis: FTE -day K-line chart shows that NYMEX April crude oil futures closed at the lower and lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down FTE
　　Future outlook: "It's all down to demand, and the current market is oversupplied because consumption levels are not growing," said Carl Larry, chief executive of FTE Oil outlook and Opinions On the usual assumption, oil demand will strengthen in the near term But the convergence of weak economic data will put pressure on prices from start to finish FTE the European Central Bank cut interest rates by 25 basis points as expected, market liquidity increased, while the United States released better economic data, while European Union official Van Rompuy called for an immediate stimulus to economic growth, raised the outlook for crude oil demand, oil prices rose sharply NYMEX May crude futures hit a high of $94.25 a barrel, reaching a low of $90.65 a barrel, up $2.96, or 3.25 percent, at $93.99 a barrel FTE
　　Thursday (May 2) trend description: FTE the European Central Bank cut interest rates by 25 basis points as expected, market liquidity increased, while the United States released better economic data, while EUROPEAN Union official Van Rompuy called for immediate stimulus to economic growth, raised the outlook for crude oil demand, oil prices rose sharply FTE
　　The daily K-line chart shows that NYMEX Crude oil futures closed at the changyang line with the lower shadow line Crude oil prices held steady in Asia European sessions continued to fall and closed lower FTE
　　NYMEX May crude futures hit a high of $94.25 a barrel, reaching a low of $90.65 a barrel, up $2.96, or 3.25 percent, at $93.99 a barrel FTE
　　Fundamental sourcing: FTE 1 The European Central Bank has cut its benchmark interest rate by 25 basis points to 0.50 per cent, while cutting lending rates by 50 basis points to 1.00 per cent, keeping deposit rates unchanged at zero At the same time, Mr Draghi said the ECB's decision to cut interest rates was unanimous and there was a strong consensus He is also open to negative interest rates, and when asked about negative deposit rates, he said the ECB was technically ready FTE
　　Kevin Warsh, a former Federal Reserve governor, said that at a critical time in the economic crisis, "experimental quarterly monetary easing has a better risk-to-return ratio." But he also pointed out that the financial crisis had been over for years FTE
　　The number of americans who started asking for unemployment benefits fell sharply last week to its lowest level since January 2008, but the number of people who continue to take out of work rose, according to data released Thursday by the U.S Labor Department The number of americans asking for unemployment benefits fell 18,000 to 324,000 at the start of the week on April 27, with an expected 345,000, according to the data FTE
　　Business activity in the New York area rebounded last month after a march-time slowdown, according to data released Thursday by the Institute for Supply Management The U.S ISM Business Activity Index rose to 58.3 in April, up from 51.2, the data showed The index was slightly below its highest level since March 2012 at 58.8 FTE
　　The euro zone's manufacturing contraction narrowed in April, more than expected, according to data compilor Markit on Thursday The euro zone's Markit Manufacturing Purchasing Managers' Index (PMI) hit a four-month low of 46.7 in April, starting at 46.5 and ending in March at 46.8, the data showed FTE
　　European Council President Herman Van Rompuy said on Thursday that EU governments and institutions must take immediate steps to boost economic growth as patience for austerity is running out FTE
　　Fundamentals: FTE 1 The Bank of Japan on Thursday released the minutes of its April 3-4 policy meeting, which showed some members were concerned about the risks of massive easing FTE
　　Germany's Markit/BME manufacturing purchasing managers' index (PMI) in April, though slightly higher than expected, hit its lowest level since December, casting a shadow over the country's prospects for economic recovery, according to data compilor Markit on Thursday Germany's Markit/BME manufacturing PMI ended at 48.1 in April, with an expected 47.9, the second consecutive month below 50, the data showed Manufacturing accounts for about a fifth of Germany's economy FTE
　　Technical surface pattern analysis: FTE -day K-line chart shows that NYMEX April crude oil futures closed at the lower and lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down FTE
　　Future outlook: "It's all down to demand, and the current market is oversupplied because consumption levels are not growing," said Carl Larry, chief executive of FTE Oil outlook and Opinions On the usual assumption, oil demand will strengthen in the near term But the convergence of weak economic data will put pressure on prices from start to finish "
FTE