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Weak economic data Thursday international oil prices were mixed

weak economic data Thursday international oil prices were mixed

April 16, 2010

[China paint information] New York oil prices fell on Thursday due to concerns that the economic recovery may slow down and curb demand in recent years, but Brent oil prices hit an 18 month high on the maturity date. At the close of trading on Thursday, the may light crude oil futures on the New York Mercantile Exchange were $85.51 a barrel, down $0.33 from the previous trading day; May Brent crude oil futures on the London Intercontinental Exchange were $87.17, up $1.02; New York heating oil futures in May were 225.23 cents per gallon, up 1.02 cents; Rbob gasoline futures in May were 232.62 cents per gallon, down 0.62 cents; The May diesel futures on the London Intercontinental Exchange were $715.75 per ton, up $1.25 from the previous trading day

Brent crude oil futures delivered in May on Thursday rose by $1.02 to close at $87.17 a barrel, the highest since October 2008. The May futures expired on Thursday and became more active. 8. The June futures for friction loss detection rose by $0.69 to $87.59

the U.S. Department of labor announced on Thursday that the number of people who applied for unemployment benefits for the first time in the United States increased by 24000 to 484000 last week, higher than the 440000 expected by economists, the highest in the past two months. As of April 10, the moving average number of people who applied for unemployment benefits for the first time has also increased, an increase of 7500 over the previous week to 458000

according to the report released by the Federal Reserve on Thursday, the U.S. industrial output value in March increased by 0.1% compared with that in February, which was far lower than expected, mainly due to the sharp decline of public utility output value by 6.4% due to the decline of heating demand in warm winter weather. The 78 analysts surveyed previously predicted an increase of 0.7% on average, ranging from 0.2% to 1.2%

the rise in the number of people applying for unemployment benefits, the limited price reduction and the decline in industrial output value indicate that the process of U.S. economic recovery is very slow, or even swing from side to side, increasing concerns about the recovery of fuel demand, thus driving down oil prices

this concern is not unreasonable. MasterCard said on Tuesday that gasoline demand in the United States fell 3.6 percent to 9.3 million barrels per day last week. It is the lowest in the last 8 weeks

the New York crude oil futures delivered in May on Thursday fell by US $0.33, or 0.4%, the sixth decline in nearly seven trading days. The oil price is 74% higher than the same period last year. At 3:00 p.m. local time, the market was busy. The trading volume of electronic crude oil futures on the New York Mercantile Exchange was 726549. In the past four trading days, the trading volume exceeded 1million hands, and reached a record high of 1.42 million hands on Tuesday. The trading volume on Thursday was 1.15 million hands, 78% higher than the average level in recent three months, and the open equity was 1.39 million hands

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