International Oil Prices Fell On The 14Th&Nbsp; Oil Prices In New York Fell By More Than 2%

Since Bernanke, the chairman of the Federal Reserve Board of the United States, made it clear that he would not launch a new round of quantitative easing monetary policy in the short term, International oil price It fell on the 14th, New York Oil Price The decline was more than 2%.

Bernanke continued to testify on the monetary policy of the first half of the year in Congress that day, saying that the Federal Reserve will not launch a new round of quantitative easing in the short term monetary policy This statement dampened investors' expectations for the new monetary stimulus policy, and oil prices fell in response. This statement also turned the decline of the dollar, the crude oil pricing currency, into an increase the previous trading day, putting pressure on oil prices.

In addition, Moody's Investors Service, one of the international rating agencies, placed US government bonds on the watch list after the market closed on the 13th, warning that if the US could not reach an agreement on raising the debt ceiling before August 2, it would consider lowering the 3A rating of US government bonds. Investors in the crude oil market are more worried about the prospect of the United States and are not willing to buy.

However, the data released by the US Department of Labor showed that the number of people applying for unemployment benefits for the first time in the US fell by 22000 last week, which was better than expected, prompting the decline in oil prices to narrow.

By the end of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange had fallen 2.36 dollars to close at 95.69 dollars per barrel, down 2.41%. The price of Brent crude oil futures for August delivery in the London market fell 46 cents to close at US $118.32 per barrel, down 0.39%.