New York Oil Price Falls 6 Days

Europe

Affected by the European debt crisis, European stocks fell sharply on 5 and 6, and bank shares were hit hard.

Affected by this, the New York stock market fell on the 6 day, and the price of oil in New York also declined.

In addition, the global economic situation is not optimistic. The US economy grew by only 0.7% in the first half of the year. The latest jobs announced in August were zero, and the risk of economic recession increased sharply.

In Europe, economists predict that the six largest economies in the euro area will have very weak economic growth in the third quarter, and the risk of recession will increase.

Emerging economies are also facing high inflation and slowing economic growth. The global demand for crude oil is not optimistic.

On the same day, as the euro fell sharply, the US dollar index rose by about 1%, which also suppressed oil prices.

But London Brent crude.

By the end of the day, the New York Mercantile Exchange delivered light crude oil futures in October, down 43 cents, or 0.50% at $86.02 a barrel.

Beihai crude oil futures for October delivery rose 2.89 US dollars to settle at $112.89 a barrel, or 2.55% in October.

So far, London Brent oil prices and New York