International oil prices continue to fall on the 9th

Following the collapse of the previous trading day, international oil prices continued to fall on the 9th. New York market oil prices fell below 80 US dollars per barrel for the first time in nearly a year.

On the same day, the price of oil in New York rose for a maximum of 83.05 US dollars per barrel. However, analysts believe that this is only a technical rebound, market confidence is still fragile, investors are still not optimistic about the global economic situation and future crude oil demand outlook.

The Organization of the Petroleum Exporting Countries (OPEC) announced on the same day that it will reduce its crude oil demand forecast for the next two years and believe that the current economic outlook of the developed countries is not optimistic, which may lead to a reduction in demand for crude oil. Investors looked for the bottom of oil prices in uncertainty. The volatility index of the crude oil market soared by 15% for a time, and the fluctuation range was close to 8 US dollars.

Close to the close, the Federal Reserve Board announced that maintaining the existing low interest rate level unchanged, at least until mid-2013, to stimulate the economy, but did not announce more economic stimulus policies, so that the market hopelessly fell. In addition, the Fed also lowered the US economic growth forecast, saying that the risks faced by the U.S. economy will increase in the long run. When the Fed made a decision, oil prices fell sharply, with the lowest price dropping to $75.71 per barrel, the lowest level since September 2010.

At the close, the New York Mercantile Exchange's September delivery of light crude oil fell by 2.01 U.S. dollars to settle at 79.30 U.S. dollars, a decrease of 2.47%, the first time since October 2010 fell below 80 U.S. dollars. The price of the Brent crude oil in the North Sea delivered by the London market in September fell by 1.17 US dollars to close at 102.57 US dollars per barrel, a decrease of 1.13%.