International Crude Oil Prices Fell &Nbsp On Tuesday, And The US Dollar Strengthened.

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As of 15:30 Beijing time, US crude oil futures in November fell 0.52 US dollars to 82.65 US dollars per barrel.

Crude oil futures fell $0.6 in December to $83.38.

Bank of America Merrill Lynch: the Federal Reserve's quantitative easing policy is expected to push up oil prices to $100.

Francisco Blanch, a commodity strategist at Merrill Lynch, pointed out in a research report that the further quantitative easing policy launched by the US Federal Reserve (Fed) may continue to push down the US dollar and push oil prices to 100 US dollars / barrel level in 2011.

The report points out that this makes the Federal Reserve face a dilemma because high oil prices will impose a tax burden on ordinary Americans and take advantage of other effects of quantitative easing.

On the 18 day of New York's foreign exchange market, the US dollar mostly fell against other major currencies, because the data released on the 18 day showed that the US economy still did not get out of the difficult position, which strengthened the market's anticipation to the Federal Reserve or to take action quickly to boost economic growth.