Skyrocketing increase in international oil prices hit the biggest one-day

As investors worried that the U.S. government financial rescue plan will lead to a depreciation of the U.S. dollar, crude oil futures market Bikong market, 22, appeared in international oil prices in the history of the largest single-day rise. In the morning on the New York market opened higher after oil prices have been 107 U.S. dollars a barrel to between 109 U.S. dollars to run. In the afternoon, the beginning of skyrocketing oil prices, the highest intraday at one time to see 130 U.S. dollars a barrel. To the New York Mercantile Exchange, October delivery crude oil futures price of light to close at 120.92 U.S. dollars a barrel, compared with the previous session up 16.37 U.S. dollars, or up to 15.7 percent, crude oil futures hit in 1984 Since the establishment of the market's largest single-day rise. Wall Street Strategies, a senior analyst with Kangnitena to the Xinhua News Agency reporter explained that the day of skyrocketing oil prices and the market Bikong acts. Since the October crude oil futures contracts expire on the same day, pre-oil futures on short selling transactions are required to buy the contract to complete the transaction, a large number of fast foot the bill to force oil prices pushed up short-selling are chasing the oil price is therefore unusual movements . In addition, due to fears the U.S. government's financial rescue plan will lead to increase in the deficit caused by the U.S. dollar, investors began to transfer funds out of commodities futures markets, but also lead to higher oil prices on the same day an important cause. 22, New York the dollar against major currencies exchange rate fell overall. Close to the day when the New Zealand business in October delivery price of a gallon of gasoline futures rose 10.41 cents to close at 2.7038 U.S. dollars. October heating oil futures for delivery price per gallon rose 14.52 cents to close at 3.043 U.S. dollars. October delivery of natural gas per 1000 cubic feet futures rose 9.5 cents to close at 7.943 U.S. dollars. London's International Petroleum Exchange, November Brent crude oil futures rose 6.43 U.S. dollars, reported at 106.04 U.S. dollars a barrel.