The European situation eases the drop in oil prices on the 6th at $104.7 a barrel

On the 6th, international oil prices once rebounded during the Asian trading hours, but it was later reported that the EU agreed to negotiate with Iran on the nuclear issue, which reduced the possibility of a war in the Persian Gulf. The atmosphere of the international oil market eased and the price of oil fell. . At the same time, European and American stock markets fell and the euro fell. The U.S. Energy Information Administration lowered its forecast for global oil demand and also depressed the oil market sentiment.

Tuesday (March 6) New York Mercantile Exchange West Texas Light Oil April 2012 ** Settlement price US$104.7 per barrel, down US$2.02 from the previous trading day, trading range US$104.51-107.34; London Intercontinental Exchange Brent crude oil settled at US$121.98 per barrel in April 2012, down by US$1.82 from the previous trading day and trading range of US$121.59-124.39.

Iran adheres to the Strait of Hormuz in the Persian Gulf, where 20% of the world's crude oil is transported daily. The confrontation between the West and Iran has triggered a tense atmosphere in the oil market. This year, the European benchmark crude oil price has exceeded the highest level in three and a half years. However, according to foreign reports, EU High Representative for Foreign Affairs and Security Policy Ashton proposed on the 6th to resume talks between the world's major powers and Iran on the Iranian nuclear issue. Ashton issued a statement saying that "on behalf of China, France, Germany, the Russian Federation, Britain and the United States, I propose to resume talks with Iran on the nuclear issue."