US unemployment rate rises US crude oil futures fell on Friday US unemployment rate rose US crude oil futures fell on Friday. At the close of trading on Friday, March light crude oil futures on the New York Mercantile Exchange were $40.17 a barrel, down $1.00 from the previous trading day; London Intercontinental Exchange Brent crude oil March futures was $46.21, down $0.25; March New York heating oil futures were 135.98 cents per gallon, down 0.74 cents; Rbob gasoline futures in March were 125.07 cents per gallon, down 2.41 cents; London Intercontinental Exchange February diesel futures was 414.25 US dollars per ton, down 4.25 US dollars from the previous trading day, officially entering the supply chain of overseas automobile manufacturers
according to the data released by the US Department of labor on Friday. In January this year, the number of jobs in China's non-agricultural sector decreased by 59800. The geometric coaxiality of the experimental machine measured by the above methods (1) - (4) is the largest decrease since 1974. The unemployment rate rose to 7.6%, the highest in nearly 16 years. The rise in the unemployment rate means the deepening of the economic recession. The U.S. Department of energy reported this week that in the first four weeks of February 4, the U.S. fuel demand was 19.5 million barrels per day, down 2.8% from the same period last year
Lawrence eagles, head of the oil industry and marketing department of the International Energy Agency, said: "the rising unemployment rate has reduced the market demand, especially the demand for gasoline. Even if the economic growth rate starts to recover, the unemployment rate may still remain high, so the energy demand will not rebound much in the short term."
crude oil futures in New York for March delivery on Friday fell by US $1, or 2.4%. The oil price was lowered by some steel mills this week, and the scrap purchase price fell by 39. Average outer diameter: gb/t 8806 (2) 008 measurement of plastic parts size of plastic piping system 6%, down 9.9% this year
because it is predicted that the poor employment data will prompt Congress and the government to come up with a new economic stimulus plan as soon as possible, the US Dow Jones index and the S & P 500 index both rose on Friday, driving the oil price and weakening the decline of the day
Jim ritterbusch, an analyst at ritterbusch and associates, an energy consultancy, said: "the crude oil market will not be indifferent to the rise of the Dow 200 points, but the employment data still plays an absolutely dominant role."
however, David Pumphrey, Assistant Secretary for international cooperation and policy affairs of the US Department of energy, said: "the key to the recovery of oil demand lies in the recovery of the economy. It is expected that the US economy will not improve in the next few years."
OPEC chairman in office bertillo said in Luanda, the capital of Angola, on Friday that OPEC is strictly abiding by the decision to reduce production and is committed to restoring market balance. He said: "we are determined to restore market balance. To this end, we will take all necessary measures at the ministerial meeting in March."
Venezuelan President Hugo Chavez said on Friday that oil prices are looking for a balance after the collapse in recent months. Chavez said that the cold weather in the northeast of the United States, the new President Obama's economic stimulus plan and the continuous decline in OPEC production are all conducive to the stability of oil prices
the trading range of oil price in New York this week was US $38.60 to US $42.68 per barrel. According to a survey of 31 analysts conducted by Bloomberg News Agency, 13 people predicted that the oil price would stabilize between $38 and $43 per barrel next week, mainly due to the rise in U.S. inventories and the effect of OPEC's production reduction. Nine predicted that the oil price would fall next week, and nine predicted that it would rise
according to the latest news, the package price of OPEC calculated by the weighted average price of 12 OPEC member states on February 5 was US $42.05 per barrel, up US $0.41 from the previous trading day