New York crude oil ** rose 1.34% on the 8th, to 96.80 US dollars / barrel

Investors considered the resignation of Italian Prime Minister Berlusconi's plan as a step forward in resolving the European sovereign debt crisis in Italy. At the same time, news of the Iranian nuclear issue has also pushed up the oil market. On Tuesday, international oil prices rebounded sharply in intraday trading and then rebounded strongly to the highest level in three months. New York's light crude oil exceeded US$97 per barrel. Tuesday (November 8) New York Mercantile Exchange West Texas Light Oil December 2011 ** Settlement price at US$96.8 per barrel, up US$1.28 over the previous trading day, trading range at 95.23-97.08 USD; London Intercontinental Exchange Brent crude oil in December 2011 ** settlement price of 115 dollars per barrel, up 0.44 dollars over the previous trading day, trading range of 114.2-116.48 US dollars.

New York's light crude oil prices rose 5% for five consecutive trading days; Brent crude oil prices have risen 5% since November. So far this year, Brent crude oil has averaged 111 US dollars per barrel in recent months, far higher than the record high of 98.5 US dollars set in 2008.