Outside offers: The American crude oil stock increases

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Outside offers: The American crude oil stock increases the international oil price to drop sharply

the stock report which 7% the United States Department of Energy announces to demonstrate that

increased 700,000 barrels up to the last week US commercial crude oil stock, but the market

anticipated crude oil stock possible to drop 1,000,000 barrel before this New China net New York,

March 11 -, because the American commercial crude oil stock accident increases as well as the US

energy use demand slides to and so on factor influences, the international oil price recedes

largely, New York market oil price decline range surpasses 7%. the same day, the United States

Department of Energy announces the stock report showed that increased 700,000 barrels up to the

last week US commercial crude oil stock, but the market anticipated crude oil stock possible to

drop 1,000,000 barrels before this. In addition, the gasoline stock dropped 2,100,000 barrels last

week. The report also showed that yu qunian tongqi xiangbi, US energy use recession in demand 2.1%.

Because the economic recession causes the transportation and the industrial production slides, in

the past one month, the refined oil demand yu qunian tongqi xiangbi slid to 6.1%. other, Chinese in

February the crude oil import drops 15% news also to cause the market investor to look pale

regarding the whole world energy need prospect. the Organization of Petroleum Exporting Countries

(OPEC) will hold the conference on 15th to decide whether to further reduce production. At present

in the OPEC interior about whether to reduce production as well as the underproduction scope has

the difference. Qatar believed before on 15th the conference convenes this organization to need to

further reduce the daily output 800,000 barrels, Algeria, Venezuela as well as Libya favor in

increase the underproduction quantity. The world top-quality oil-producing country Saudi Arabia

present manner was not still bright. the US further reduces production to OPEC holds the opposing

opinion, the US Department of Energy officials believed that the high oil price is no use to the

world economics recovery.when the above factor influence, to the same day closing, New York

commodity exchange in April delivers the light crude forward price falls 3.38 US dollars, receives

in each barrel 42.33 US dollars, the decline range surpasses 7%. London international petroleum

exchange in April delivers the North Sea Brunt crude oil forward price falls 2.56 US dollars,

receives in each barrel 41.40 US dollars.