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Decline of international crude oil prices

From Published people:admin Release time2012-11-16 16:55:12
Xinhua News Agency, New York, September 12 - World crude oil prices hit the highest level in 10 years on the 11th, the 12th, there was a substantial decline. That day, light crude oil prices in the New York market closed at a high price of $ 34.28 per barrel, down 86 cents more than the previous day, but still close to the highest point in nearly 10 years. The same day, the London market, Brent crude oil prices fell $ 1.14 higher than the previous trading day, which closing price is $ 32.48 per barrel. In that day trading, the crude oil prices once amounted to $ 34.37 per barrel, a new record highest point of nearly 10 years.

Since the Organization of Petroleum Exporting Countries (OPEC) made decision on the 10th, the daily production increase of 800,000 barrels from October 1, the 11th, the international market oil prices do not fall but rise, and reach the highest price reached since 1990. Analysts believe that the international market price of crude oil fell on the 12th is a normal adjustment of the market. 12, 2009, U.S. President Bill Clinton at the White House, said the United States is closely watching the trend of world oil prices. If winter world crude oil price is still at a high level, the U.S. government will take measures to reduce domestic energy prices.