Comments on the closing of NYMEX crude oil futures

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Comments on the closing of NYMEX crude oil futures on January 11

due to the highlighted recession risk in the economic outlook and investors' uneasiness about energy demand, NYMEX crude oil futures closed lower on Friday, with six declines in the past seven trading days

the data in the middle of the week showed that the US crude oil inventory decreased, but the impact was offset by the increase in oil inventory, which failed to drive up oil prices

the settlement price of NYMEX February crude oil futures fell $1.02, or 1.09%, to $92.69 a barrel for a 600kN experimental machine, which was between 92 65. This week, oil prices fell by $5.01, or 5.12%

"the market is close to short-term oversold and may find some support, but I expect it to weaken further, especially since inventories and oil prices have resumed the opposite trend since they began to enter the early stage of using metal impact testing machines when seasonal crude oil inventories increased." A. Eric wittenauer, an analyst at g. Edwards, said

London Brent crude oil futures closed down $1.15, or 1.25%, and settled at $91.07, trading at 90 24

Federal Reserve Chairman Ben Bernanke said on Thursday that the outlook for the U.S. economy has deteriorated and the Federal Reserve is ready to take active actions to support economic growth

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