Shanghai Gas-Fired Open Over 1.5% London's Oil Price Increases 7-Month High

U.S. merchandise retail sales data showed that consumer prices have picked up, and European and American oil prices have rebounded strongly. After this drag, the Shanghai Stock Exchange (SHFE)'s Shanghai Power Group opened over 1.5% this Monday and recovered 4800 yuan mark in one fell swoop.

The Shanghai Power main opened lower and higher on Friday, and the fu1112 contract opened lower at 4738 yuan and finally closed at 4780 yuan. The trading range was 4738-4781 yuan. It rose more than 0.3% throughout the day and rebounded to the 4780 yuan level; on the external disk, The sharp increase in retail sales in the United States in September drove the single-week increase in London oil prices to the highest level in more than seven months.

On Friday, NYMEX's WTI crude closed at 86.8 US dollars in November, up 2.57 US dollars, or 3.05%, trading range of 83.77-87.4 US dollars; ICE's Brent crude oil closed at 114.68 US dollars per barrel in November, up 3.57 The US dollar rose 3.21% and the trading range was 110.96-114.8 US dollars.

Last week, WTI crude oil prices rose by 3.82 U.S. dollars in the first month, or 4.6%; the average settlement price per barrel was 85.564 U.S. dollars, 5.58 dollars higher than the week earlier, and the trading range was 82.75-86.64 U.S. dollars. The Brent crude oil price for the first month** rose by 5.73 US dollars, or by 5.26%; the average settlement price per barrel was 111.366 US dollars, a week-on-week increase of 8.198 US dollars and the trading range was 105.65-113 US dollars.

According to the latest statistics from the US Commodity Commission (CFCT), as of last Tuesday, the New York Mercantile Exchange held 1.244 million shares of crude oil in crude oil, a decrease of 0.71 million contracts a week. Among them, large speculators held net longs of 121,100 contracts, up 11.9%, on the New York Mercantile Exchange crude oil market. In addition, net longs held by management** in the US WTI crude oil and options increased by 7.8%, while net longs held in ICE crude oil and options decreased by 12%.

According to a report released by the US Department of Commerce on Friday, the retail sales of US goods adjusted for seasonal changes in September this year increased by 1.1% month-on-month, indicating that US consumption has recovered; consumer spending accounts for about 70% of total US economic activity, which is a measure of the economy. An important weather vane for the event. On the same day, the Reuters/University of Michigan Consumer Confidence Index fell to 57.5 in early October from 59.4 at the end of September, which is lower than the 60.0 expected by economists.

Standard & Poor's downgraded Spain's credit rating, highlighting the difficulties faced by eurozone officials in curbing the debt crisis; Fitch ranked a number of European banks on the watch list where ratings may be lowered.

At the meeting of the G20 finance ministers and central bank governors, the financial leaders of member countries supported the new European plan for combating the debt crisis and called on European leaders to face the crisis at the EU summit on the 23rd. Take resolute action. The G20 members agreed to take concerted measures to address the fragile short-term economic recovery and consolidate the foundation for a strong, sustainable and balanced growth; further promote structural reforms, increase potential growth rates and expand employment.

Euro rose by 3.5% last week, and may record the largest weekly increase in mid-January; the US dollar index fell 0.5% on Friday; the US dollar index may record a weekly 2.6% decline in the week, and is likely to come in May 2009. The worst week of performance.