International crude futures closed down 2.9% on Thursday
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Last Update: 2020-07-01
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Source: Internet
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Author: User
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Federal Reserve Chairman Ben Bernanke on the 19th "wind", may start to gradually reduce the size of asset purchases later this yearExpectations of the Federal Reserve's exit policy are fermenting in the market, and international oil prices fell sharply on the 20thBua
Bernanke said At the end of the Federal Reserve's two-day regular monetary policy meeting on the 19th, if the U.Seconomy continues to improve, the Federal Reserve may start gradually reducing the size of asset purchases later this year and end quantitative easing by the middle of next yearAs the Federal Reserve says the U.Seconomy is growing at a moderate pace, the labor market is improving and the housing market is strengthening further, making the recovery an important forceThe more upbeat outlook has strengthened expectations of an end to stimulus and pushed for a stronger dollar, which has weighed on dollar-denominated oil futuresBua
In addition, the day's lower-than-expected economic data from China and the United States also weighed on oil pricesAccording to the HSBC China Manufacturing PMI, released on the 20th, the initial value of the HSBC China manufacturing PMI fell to a nine-month low of 48.3 in June, below market expectations of 49.1, and for the second consecutive month below the 50-year expansion contraction markBua
On the U.Sside, the number of first-time jobless claims rose sharply last week, indicating a continuing recovery in the U.S job market The number of first-time claims for unemployment benefits rose by 18,000 to 354,000 in the week ended June 15, seasonally adjusted, more than economists had expected, according to data released Tuesday by the Labor Department Bua
Light crude futures for July delivery fell $2.84, or 2.89 percent, to close at $95.4 a barrel on the New York Mercantile Exchange Brent crude for August delivery fell $3.97, or 3.74 percent, to $102.15 a barrel in London Bua Federal Reserve Chairman Ben Bernanke on the 19th " let go " , may start to gradually reduce the size of asset purchases later this year Expectations of the Federal Reserve's exit policy are fermenting in the market, and international oil prices fell sharply on the 20th Bua
Bernanke said At the end of the Federal Reserve's two-day regular monetary policy meeting on the 19th, if the U.S economy continues to improve, the Federal Reserve may start gradually reducing the size of asset purchases later this year and end quantitative easing by the middle of next year As the Federal Reserve says the U.S economy is growing at a moderate pace, the labor market is improving and the housing market is strengthening further, making the recovery an important force The more upbeat outlook has strengthened expectations of an end to stimulus and pushed for a stronger dollar, which has weighed on dollar-denominated oil futures Bua
In addition, the day's lower-than-expected economic data from China and the United States also weighed on oil prices According to the HSBC China Manufacturing PMI, released on the 20th, the initial value of the HSBC China manufacturing PMI fell to a nine-month low of 48.3 in June, below market expectations of 49.1, and for the second consecutive month below the 50-year expansion contraction mark Bua
On the U.S side, the number of first-time jobless claims rose sharply last week, indicating a continuing recovery in the U.S job market The number of first-time claims for unemployment benefits rose by 18,000 to 354,000 in the week ended June 15, seasonally adjusted, more than economists had expected, according to data released Tuesday by the Labor Department Bua
Light crude futures for July delivery fell $2.84, or 2.89 percent, to close at $95.4 a barrel on the New York Mercantile Exchange Brent crude for August delivery fell $3.97, or 3.74 percent, to $102.15 a barrel in London Bua
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