Set as homepage  |  Add to Favorites
Navigation
News Center
Link
 
AAC Machine
AAC Plant
Probiotic Machine
News Center
 
OPEC weekly oil prices tumble below $ 80 per barrel
Date: 2010/5/19 Click: 1420
The weekly average oil prices of the Organization of Petroleum Exporting Countries(OPEC) fell to 77.66 U.S. dollars per barrel last week, the Vienna-based cartel said Monday.
  
It is the first time the oil prices closed below 80 dollars since the first week of April this year, hitting the lowest level in nine weeks.
  
The price drop was mainly due to a stronger dollar which surged to a four-year high against the euro on Monday, as well as investors' growing concerns about the eurozone debt crisis.
  
Although some euro-zone countries have approved a huge assistance program of 110 billion euros (about 145 billion dollars) to Greece recently, the prospect for the availability of the program and its impact on the world economy remain uncertain.
  
Moreover, there are growing concerns that such a huge rescue program could slow down the economic recovery in the euro zone.
  
Analysts believe the oil prices would continue to decline as long as the eurozone debt crisis remains unresolved, and the dollar remains strong.
  
Editor: Zhang Mingyu
Copyright © 2003-2013 Hopeland Chem-Tech Co., Ltd. All rights reserved.
Add.: Rm. B-1708, Taaffeite International Commerce Plaza, 4th Gaoxin Road, Xi'an City, Shaanxi Province, China
Postal Code: 710075
Cell phone: +86 135 7190 0119
Tel: +86 29 6296 0726
Fax: +86 29 6296 0725
Email: 85xianji@85xianji.com / icec0529@yahoo.com
Website: www.hopeland-cn.com


Web Stats: