The Fed Nov. 4 policy statement, decided to maintain the existing capital return on the maturity securities investment policy again, and as a basis for the second quarter of 2011 to buy 600 billion U.S. dollars to further the longer-term U.S. Treasury bonds.
This will lead to market bearish on the dollar, the dollar's weakness also went to promote, including oil prices in international commodity markets rose across the board. November 11, North Sea Brent crude oil prices touched $ 89.7 per barrel, from October 2008 to its highest point, the first time in more than two years put 90 dollars a barrel to break the trend.
The world economy continues to slow recovery and the arrival of the winter quarter of factors such as oil, will be supporting oil prices for some time. Therefore, the current quantitative easing monetary policy, the United States will undoubtedly provide upside to oil prices poised to strong source of inspiration. Known to predict oil prices, said Goldman Sachs recently, early 2011, international oil prices will be 100 U.S. dollars a barrel. In this sense, international oil prices at or near 90 U.S. dollars / barrel may be temporary.
Recalling the December 29, 2008, New York benchmark crude oil futures price is 39.03 U.S. dollars / barrel, and is now close to 90 U.S. dollars / barrel in comparison, has more than doubled. There are currently 800 to 1000 billion "oil dollars" circulating in the international community not only benefit the U.S. economy in virtually, and became the U.S. control of world oil production, transportation and prices, thereby leading international economic order, a unique trump card .
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