OPEC Gulf member states believe oil prices will not last long

According to Dow Jones Newswires on September 22, officials from the member countries of the Organization of the Petroleum Exporting Countries (OPEC) said on the 22nd that the Gulf countries are paying close attention to the trend of the oil market and the economy. They are not against crude oil (80.54, 0.03, 0.04%) The price is worried about the earlier decline on the 22nd, because this is mainly influenced by speculation and may not last long.

The officials said that according to OPEC and other energy agencies, the current market demand was lower than expected in 2011, but the decline was not significant because of concerns about the global economic situation.

Earlier on the 22nd, negative economic data showed that the world economy was pessimistic. Investors worried that the mood was intensifying, and international oil prices plummeted after the opening bell.

The data released by the U.S. Department of Labor on the 22nd showed that the number of jobless claims for the United States last week decreased by 9,000, but remained at a high of over 420,000. The U.S. Federal Reserve Board issued a statement on the 21st after the meeting on interest rates, saying that the U.S. economy is facing a huge downside risk and the recovery of the employment market will be very slow. The Fed statement has exacerbated the pessimism of investors on the US economic outlook, and well-known investor Soros even believes that the US economy is experiencing a recession.

At 00:22 GMT, NYMEX November light crude oil prices fell 5.14 US dollars, to US $ 80.78 a barrel, a decrease of 5.97%.