The hottest U.S. stocks rose, and oil prices conti

2022-10-19
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U.S. stocks rose Thursday, oil prices in New York continued to rise

U.S. stocks rose Thursday, oil prices in New York continued to rise

July 17, 2009

[China paint information] due to the rise of the U.S. stock market, oil prices in New York rose to a one week high on Thursday. At the close of Thursday, New York, in particular, promoted the complete separation of state-owned capital ownership and enterprise management rights. Light crude oil futures on the commodity exchange for August were $62.02 a barrel, up $0.48 from the previous trading day; With the increasingly fierce competition in the home appliance industry, August Brent crude oil futures on the London Intercontinental Exchange fell by $0.34 to $62.75; New York heating oil futures in August were 159.94 cents per gallon, up 1.73 cents from the previous trading day; RBO's next step B gasoline August futures were 171.35 cents per gallon, up 0.54 cents from the previous trading day; August diesel futures on the London Intercontinental Exchange were $515.5 per ton, up $12.75 from the previous trading day

Nouriel Roubini, a professor at New York University who has accurately predicted the financial crisis, said on Thursday that the economic recession will end this year, so it is impossible to judge. Affected by this, the U.S. stock market rose on Thursday, with the S & P 500 index rising 1% to 942.32 points and the Dow Jones index rising 1.3% to 8725.95 points. The rise in the stock market reversed the trend of oil prices. Earlier, oil prices fell by 2% due to concerns about rising fuel inventories and falling demand

Phil Flynn, vice president of PFGBEST, said, "as the stock market rises, oil prices also rise. If Roubini's prediction is accurate, demand will increase, and the rise in oil prices is reasonable."

crude oil futures for August delivery in New York rose $0.48, or 0.8%. The closing price of $62.02 per barrel was the highest since July 7. The oil price has increased by 58% this year

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