Cabinet display lighting are gaining traction among museums and galleries for several reasons, not the least of which is that they are the safest source for light-sensitive artwork. Compared to other sources, Fibre optic display produce far less ultraviolet (UV) radiation
Caring for and preserving collections is among the most mission-critical tasks a history organization is charged with. Creating a physical environment that ensures that those collections are preserved for future generations is often the most cost-effective way to address the collection as a whole. In short, it`s cheaper to make sure the collection doesn`t need to be treated for damage than it is to conduct conservation work after the damage is done.
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A series of economic data released by the United States made the market disappointed and showed its economic weakness. According to a report released by the U.S. Department of Labor, the number of initial jobless claims in the United States increased by 9,000 last week to the highest level in four weeks, indicating that the job market is still weak. The National Association of Realtors said that in the US, old home sales fell by 3.5% month-on-month in July, and the real estate market continued to be weak. In addition, data released by the Federal Reserve Bank of Philadelphia showed that the US manufacturing activity index in the Mid-Atlantic (600,558) region unexpectedly fell sharply to negative 30.7 in August, the lowest level since March 2009, indicating that the manufacturing industry shrank sharply.
In addition to unfavorable economic data, the investment banks Goldman Sachs Group and Morgan Stanley lowered their global economic growth forecasts for the current year and the next day. They believe that the European and American economies are nearing the edge of the recession, aggravating investor panic, and the market has a serious risk aversion. Risk assets such as stocks, crude oil, etc. have been sold, and gold and other safe havens have been respected. The price of gold broke through 1,800 US dollars per ounce.
At the same time, the U.S. dollar has also risen and it has risen about 0.7% against a basket of currencies, which has weighed on oil prices.
In Europe, the debt crisis in Europe and financial tax proposals put forward by German and French leaders have severely hit the performance of bank stocks. The major major banking stocks have plummeted, causing market sentiment to be pessimistic.
However, the situation in Central and North Africa continues to be turbulent. Libya’s crude oil supply cannot be resumed in the short term. The United States has banned the import of crude oil from Syria in order to sanction Syria, causing the US to reduce its daily crude oil imports by about 10,000 barrels. Supply pressure is a supporting factor for oil prices.
At the close of the day, the price of light crude oil for September delivery on the New York Mercantile Exchange slumped by US$5.20 to settle at US$82.38 per barrel, a decrease of 5.94%, and the fluctuation range was US$82.54 to US$87.53. The Brent crude oil price in the North Sea market in London in October fell 3.61 US dollars to settle at US$106.99 per barrel, a decrease of 3.26%.
International Energy Newsletter: Affected by a series of weak economic data, investors are worried about the recession in the US economy. International oil prices plunged on the 18th. New York market oil prices fell by nearly 6%.