Crude oil price nears $100 on new York market

affected by the strong rise of the U.Sdollar index, the 11th international futures market most of the varieties fell sharplyAmong them, the price of Brent crude oil fell back below $100 again, and the price of oil in New York is approaching that important levelthe dollar index continued to rise yesterday after breaking through 80 points, rising to a one-year high of 80.38The dollar has been rallying against European currencies for two months on signs of a sharp slowdownOn the international currency markets, the euro hit a one-year low of 1.3879 against the dollar yesterday, as of 23:30 BST on the 11th, the New York Mercantile Exchange October crude futures contract fell $1.87 to close at $100.78 a barrel, Brent for November in London fell $1.58 to $99.31 a barrel; Gold futures for December delivery fell $11.5 to $744.8 an ounce, three-month copper on the London Metal Exchange fell $105 to $6,805 a tonne and soybean futures on the Chicago Board of Trade fell 24 cents to 1,177 cents a bushelanalysts believe that the European economy will be more weak for some time to come, coupled with the narrowing of spreads in europe and the United States, the dollar may continue to strengthenSince most commodities are priced in dollars, a higher dollar could trigger further falls in commodity pricesaffected by the strong rise of the U.Sdollar index, the 11th international futures market most varieties fell sharplyAmong them, the price of Brent crude oil fell back below $100 again, and the price of oil in New York is approaching that important levelthe dollar index continued to rise yesterday after breaking through 80 points, rising to a one-year high of 80.38The dollar has been rallying against European currencies for two months on signs of a sharp slowdownOn the international currency markets, the euro hit a one-year low of 1.3879 against the dollar yesterday, as of 23:30 BST on the 11th, the New York Mercantile Exchange October crude futures contract fell $1.87 to close at $100.78 a barrel, Brent for November in London fell $1.58 to $99.31 a barrel; Gold futures for December delivery fell $11.5 to $744.8 an ounce, three-month copper on the London Metal Exchange fell $105 to $6,805 a tonne and soybean futures on the Chicago Board of Trade fell 24 cents to 1,177 cents a bushelanalysts believe that the European economy will be more weak for some time to come, coupled with the narrowing of spreads in europe and the United States, the dollar may continue to strengthen Since most commodities are priced in dollars, a higher dollar could trigger further falls in commodity prices (Wang Chao)