European And US Debt Crisis Deepened And International Oil Prices Continued To Fall.

The oil market has been around Europe since the second half of this year.

According to the settlement price of the New York Mercantile Exchange, the profit of refining three barrels of crude oil to two barrels of gasoline and a barrel of heating oil on Monday was $14.692 a barrel, an increase of 0.252 US dollars over the previous trading day, 3-2-1.

On Monday, the United States congressional Special Committee on the deficit reduction negotiations faced almost certainly the failure of the outcome, resulting in the United States in 2012 before the climax of the major deficit reduction plan to win the effort is on the brink of failure.

In the two hours after the closing of oil futures in Europe and the United States, the "special committee" of the US Congress declared that the deficit reduction agreement could not be reached, thereby reducing the budget deficit by 1 trillion and 200 billion US dollars in the next 10 years.

The US dollar has risen sharply, and international oil prices are under further pressure.

Yields on bonds in Spain, Italy and Belgium rose sharply on Monday. After Moodie issued a warning to the French debt rating, the country's bond yields rose, suggesting that the crisis spread to countries once considered safe.

Deutsche Bank predicts that economic growth in Germany may slow next year.

Moodie Investors Service Inc said Monday that the risk of the German financial system has risen sharply, in line with the Bundesbank's previous comments.

Moodie believes that the stable outlook for the French AAA rating is under pressure, but the rating itself is not under pressure.

On Monday, the US dollar index climbed to a six week high. The US dollar index hit 78.516, the highest in October 10th, rising 0.19% in late New York and closing at 78.213.

Van de Hufen, the new director of the International Energy Agency, said in Riyadh that oil prices are still high. As we have said, if oil prices remain at a current high level for a long time, they will affect economic recovery, especially in developing countries.

However, Saudi oil minister Naimi said that the current oil market balance is now too early to consider whether the OPEC meeting to be held in Vienna in December will take action.

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The market awaiting us oil inventory data, analysts estimate that US crude oil inventories continue to decline.

Investors waited for data on weekly domestic oil inventories. Reuters's preliminary survey on Monday showed that crude oil inventories decreased by 500 thousand barrels last week, distillate stocks decreased by 1 million 500 thousand barrels, and gasoline inventories increased by 1 million barrels.

Speculators increased 3.8% net stocks in light crude oil futures on the New York Mercantile Exchange.

According to the latest statistics of the US Commodity Futures Commission, as of November 15th, the New York Mercantile Exchange crude oil futures lost 9080 hands in 1357125 hands.

Large speculators held a net long 173407 stocks in crude oil futures in New York commodity exchange, 6365 more than the previous week.

Among them, the number of bulls was reduced by 8270, and the number of bears decreased by 14635.

The net assets of the management fund in the us light crude oil futures and options increased by 5.9%, while the net bullion held in the Intercontinental Exchange decreased by 19%.

According to the new classification, as of the week of November 15th, the management fund held a net bullion in crude oil futures and options on the New York Mercantile Exchange. It increased to 203965 hands in the past week to 216075, with 8091 bulls increasing and 4019 fewer bears.

London Intercontinental Exchange crude oil futures and options in the management fund held a net bullion, the previous week's 11031 hands reduced to 8960 hands, of which the total reduction of 4214 hands; short cut 2143 hands.

According to the latest news, the package price calculated by the weighted average price of 12 OPEC members in November 18th was 109.12 US dollars per barrel, which was 1.71 US dollars lower than the previous trading day.

In the week ending November 18, 2011, the average price of OPEC oil price Zhou Ping was 112.54 US dollars, down 1.12 US dollars from the previous week's average price.

OPEC's oil price has risen 40.9% this year.