Under the boost of higher-than-expected economic growth in China in the fourth quarter, crude oil prices in the New York market rose on the 17th and once again exceeded the US$100 mark per barrel.
In the fourth quarter of last year, China’s economic growth rate was 8.9%. Although it hit its lowest level in more than two years, it was still higher than the previous market growth of 8.7%. As the world’s second largest economy, China’s economic growth also has an important impact on oil prices. influences. Thanks to this boost, international oil prices rose strongly on the 17th and once again exceeded 100 US dollars per barrel.
In addition, the New York Federal Reserve Bank announced on the 17th that the New York State manufacturing index rose to 13.5 points in January from 9.53 in December last year, the highest level in nine months, indicating that the continuous recovery of manufacturing in the New York state has also enhanced investor Expected increase in future energy demand.
At the close, the New York Mercantile Exchange's light crude oil price for delivery in February increased by $2.01 to close at $100.71 a barrel, or 2%. London Brent crude oil prices for February delivery closed at $111.53 a barrel, up 19 cents.
In the fourth quarter of last year, China’s economic growth rate was 8.9%. Although it hit its lowest level in more than two years, it was still higher than the previous market growth of 8.7%. As the world’s second largest economy, China’s economic growth also has an important impact on oil prices. influences. Thanks to this boost, international oil prices rose strongly on the 17th and once again exceeded 100 US dollars per barrel.
In addition, the New York Federal Reserve Bank announced on the 17th that the New York State manufacturing index rose to 13.5 points in January from 9.53 in December last year, the highest level in nine months, indicating that the continuous recovery of manufacturing in the New York state has also enhanced investor Expected increase in future energy demand.
At the close, the New York Mercantile Exchange's light crude oil price for delivery in February increased by $2.01 to close at $100.71 a barrel, or 2%. London Brent crude oil prices for February delivery closed at $111.53 a barrel, up 19 cents.
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