The early morning news of December 1st, Beijing time, on Wednesday, the six major central banks of the world announced their joint efforts to provide more liquidity support for the financial system. The market welcomed this result and pushed up the prices of various commodities. Crude oil prices broke through the $100 a barrel position and the highest close price in two weeks. The main crude oil contract was reported at US$100.36 a barrel. On the New York Mercantile Exchange, the main crude oil contract for January rose by 57 cents on Wednesday to close at 100.36 US dollars a barrel, or 0.6%. This is the highest closing price of the main contract since November 16, and it is also the first time that the price of oil has settled above US$100 per barrel since the day. The contract also rose to $101.75 a barrel in intraday trading today, but was dragged down by negative inventory data.
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