Federal Reserve announced latest resolution oil prices fell 1.2% to $85.92 on Wednesday

Beijing time on September 22 news, Wednesday, the Fed announced the latest decision statement, and if the market expected to announce economic stimulus measures, but failed to make the market more confident in the outlook; although the current inventory report shows higher than expected Inventory decline, crude oil prices followed the US stock market fell sharply lower. The main crude oil contract fell to 85.92 US dollars a barrel.

On the New York Mercantile Exchange, the main crude oil contract for October fell by $1 on Wednesday to close at $85.92 per barrel, a decrease of 1.2%. Earlier, the contract rose to $87.99 a barrel. The intraday low was $85.08 a barrel.

The Federal Reserve announced a new interest rate decision on Wednesday and, as the market expected, announced that it will purchase longer-term government bonds through the sale of 400 billion U.S. dollars short-term treasury bonds, and will continue to implement the same types of replacement bonds with guaranteed bonds. . These measures are intended to help economic growth by depressing actual long-term interest rates while stabilizing the real estate market.

Tom Bentz, head of BNP Paribas, New York, pointed out: "Today's DOE report has not received due attention." The US Department of Energy's Energy Information Agency reported that the US commodity crude oil for the week ended September 16 Inventories were reduced by 7.3 million barrels, a level much higher than market surveys showed. Analysts surveyed inventories that fell between 1 million barrels to 2 million barrels were widely expected. However, Tom Bentz also pointed out that with the timing of the announcement of the Fed's announcement, crude oil prices have received some relatively modest support.

The Energy Information Administration report also pointed out that gasoline inventories increased by 3.3 million barrels last week, and distillate inventories including distillate fuel oil and diesel dropped by 900,000 barrels; previous market surveys showed that analysts generally expect that as of September 16 In the week ending on the end of the day, gasoline stocks will increase by 800,000 barrels, and distillate stocks will increase by 1.2 million barrels.

October formula gasoline contract fell 3 cents Wednesday to close at 2.67 US dollars per gallon, down 1.3%; October fraction fuel oil fell 3 cents to 2.93 US dollars per gallon, down 0.9%.

The October natural gas contract fell 7 cents to $3.73 per million British thermal units, down 1.8%.

In terms of other market factors, France’s Total Petroleum announced that it is ready to restart oil production in Libya in the next few days, but the report also warns that some technical difficulties may be encountered in the early stages.