International oil prices rose to close at 98.21 US dollars on the 28th

Due to the strong sales data in the US shopping season and investors' hope that Europe can solve the debt crisis, international oil prices rose sharply on the 28th.

According to the data released by the National Association of Retail Traders on the 27th, in the past long Thanksgiving weekend, US retail sales hit a record, reaching US$52.4 million, a year-on-year increase of 16.4%, and opening the US shopping season with strong performance. As a result, U.S. stocks soared, market sentiment rose, and investor risk appetites increased.

In Europe, some officials stated that Germany and France may embark on more radical measures to promote financial integration in the euro zone, and there are reports that "core" European countries may jointly issue "elite bonds." At the same time, the United States and the European Union are holding summits in Washington. The U.S. President Barack Obama said that the European debt crisis “is of major importance” and the United States is willing to provide help and increase investor confidence.

At the same time, geopolitical factors such as the Iranian nuclear issue and the turmoil in Middle East countries such as Syria continue to provide fuel for oil prices.

However, the Organisation for Economic Co-operation and Development (OECD) substantially reduced global economic growth expectations and stated that Europe is experiencing a modest recession and the US economy is on the verge of a recession. Moody's Investors Service also warned that the European debt crisis has spread and that all countries in the euro zone have faced sovereign credit. In addition, Italian 10-year bond yields have broken through 7%, continuing to oppress investors.

At the close of the day, the price of light crude oil** delivered by the New York Mercantile Exchange in January rose 1.44 US dollars to close at 98.21 US dollars per barrel, an increase of 1.49%. January London Brent crude oil prices rose 2.60 U.S. dollars, to close at 2.70 U.S. dollars per litre of crude oil, to close at 109 U.S. dollars per barrel, or 2.44 percent, ending the week-long decline. .