International oil prices returned above $80 on the 6th

Affected by the relief of the European debt crisis and the better-than-expected US employment data, international oil prices rose sharply on the 6th and New York oil prices returned above the $80/bbl level.

On the same day, the European Central Bank decided to maintain the interest rate unchanged at 1.5%. The Central Bank President Jean-Claude Trichet also stated that he will guarantee the liquidity of banks in the euro area by extending the deadlines. In addition, the European Commission ** Barroso said that the European Commission proposed to provide funds to the euro zone banks. The largest member state of Germany, German Chancellor Angela Merkel, also stated that if capital injections to banks help prevent the spread of the crisis, Europe should take immediate measures. These measures and attitudes have eased concerns about the European debt crisis and investor sentiment has been boosted.

In addition, the Bank of England decided on the same day to increase 75 billion pounds (about 114 billion US dollars), expand the size of the assets purchased, trying to use the "quantitative easing" monetary policy to stimulate the British economic growth.

In the United States, data from the Department of Labor shows that although the number of initial jobless claims in the United States increased by 6,000 last week, the result is better than the market had expected and it also constitutes a favorable factor for oil prices.

At the close of the day, the price of light crude oil** delivered in November on the New York Mercantile Exchange soared by 2.91 US dollars to close at 82.59 US dollars per barrel, or 3.65%, and closed at below 80 US dollars per barrel for four consecutive trading days. Quotes. In November, the price of Brent crude oil in London's North Sea rose by US$3 to settle at US$105.73 per barrel, an increase of 2.92%.