The hottest European economy slowed down, and inte

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European economy slows down and international oil prices fall on Monday

European economy slows down and international oil prices fall on Monday

200 "many people in the construction industry have been aware of the shortcomings of this system for a period of time. July 8, 2008

[China paint information] International oil prices fell on Monday due to the slowdown in European economic development. At the close of Monday on the New York Mercantile Exchange, how to maintain the light crude oil belt tension machine? Many belt manufacturers bought the belt tension machine but did not understand that the August futures were 141.37 dollars per barrel, which was proved to be $3.92 lower than the previous trading day; August Brent crude oil futures on the London Intercontinental Exchange were $141.87, down $2.55; New York heating oil futures fell 7.99 cents to 396.96 cents per gallon in August; Rbob gasoline futures in August were 348.27 cents per gallon, down 6.78 cents; July diesel futures on the London Intercontinental Exchange were $1270.75 per ton, down $27.25 from the previous trading day

According to the latest data released, Germany's seasonally adjusted industrial output fell by 2.4% in May compared with April, the lowest since February 1999, and the UK manufacturing index also fell to the lowest since September last year. These show that record commodity prices are slowing economic growth in the euro zone, affecting crude oil demand, leading to the first decline in oil prices in New York in nearly four trading days. In addition, the Iranian foreign minister expressed confidence in the negotiations between the country and Western countries on the nuclear program, alleviating concerns about the situation in Iran and putting pressure on oil prices

Tim Evans, an energy futures market analyst at New York flower group, said: "the market has always been very concerned about the weakness of the U.S. economy, but it lacks the necessary vigilance against the possible slowdown of the European and Japanese economies. Oil prices are not just a matter of the United States."

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