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The market: oil prices will not have much space
Continuous drop in international oil prices recently, New York main oil futures contract fell below 80 U.S. dollars a barrel mark. May 6th Asian electronic trading hours, international oil prices fell as low as 78.87 U.S. dollars per barrel.
Market participants believe that the spread of sovereign debt crises in Europe and energy demand is expected to pick up weaker than the enthusiasm of investors
The second wave of the financial crisis coming?
Superposition of old and new self-pessimism led to market panic.
The so-called new pessimism, mainly due to the recent economic situation in Eastern Europe in an emergency, but the risks facing banks in Western Europe and renewed it this fear will further deteriorate the situation in Europe to contain the global economy.
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