New York oil prices closed down 3% to close at 76 U.S. dollars
New York’s main oil futures closed down 3% and closed below 76 U.S. dollars per barrel, as the U.S. Conference Board lowered the expectations of the expectations of china Leading Economic Indicators,the confidence of U.S. consumer fell sharply, global markets were under pressure.
Tuesday at 2:30 pm EST, August light sweet crude fell 2.31 U.S. dollars, down 3% to close at 75.94 U.S. dollars per barrel, the contract’s intraday high value of 78.32 U.S. dollars, the lowest was 75.28 U.S. dollars.
A heavy oil market followed U.S. stocks fall sharply today,risk aversion of the investors increase clearly, when temporary oil market closed, the Dow’s decline remains at around 250 points, it is quite worried about China’s economic growth is slowing down, many investors turned to safer U.S. government bonds and gold,
significant growth in risk aversion. Temporary oil market close, the Dow’s decline remains at around 250, it is quite worried about China’s economic growth is slowing down, many investors turned to safer U.S. government bonds and gold.
Posted: June 29th, 2010 under Europe Market, Market News.
Tags: Breaking News, Market News, Market Report, New York oil prices, today's news of oil price