International oil prices fell to close at $86.38 on the 17th

As the European debt outlook is uncertain, international oil prices fell on the 17th.

European leaders will meet in Brussels on October 23 to discuss the debt crisis. However, German Finance Minister Wolfgang Schaeuble said that the summit cannot be expected to propose a package that can completely solve the current debt crisis. A spokesperson for the German government also stated that he believes that the expectations of the next summit to solve all problems will certainly be frustrated. These statements have made the outlook for the debt crisis in Europe unclear and have hit market sentiment.

At the same time, data released by the Federal Reserve Bank of New York showed that manufacturing activity in New York and its surrounding areas remained sluggish in October, reaffirming that the manufacturing industry that once led the US economic recovery has slowed down significantly. The data showed that the manufacturing index in New York in October was negative 8.5, compared with the negative 8.8 in the previous month, no significant improvement, and this data is the fifth consecutive month below 0, indicating that the region's manufacturing activities continue to shrink .

In addition, the dollar strengthened, the US dollar index rose about 0.7%, but also constitute a pressure on oil prices.

By the close of the day, the price of light crude oil** delivered by the New York Mercantile Exchange in November fell 42 cents to settle at US$86.38 per barrel, a decrease of 0.48%. The London Brent crude oil price in London in December fell 2.06 U.S. dollars to close at 110.16 U.S. dollars, a decrease of 1.84%.