IMF remarks on eurozone no hurdle for oil price recovery

 　　DUBAI, Jan. 24 (Xinhua) -- The price of the oil hit multi-week highs across the globe Thursday as encouraging China manufacturing data and U.S. labor¹ market news mitigated² the IMF chief's forecast that the eurozone would remain in recession in 2013.

　　In Dubai, the DME Oman Crude Futures³ contract went up 0.19 cent or 0.17 percent to reach 108.15 U.S. dollars, while U.S. crude surged by 0.63 cent or 0.66 percent to 95.86 dollars in late trading. The two oil futures contracts were thus trading a one- month and three-month high, respectively.

　　Earlier in the day, Christine Lagarde, director general of the International Monetary⁴ Fund, said at the World Economic Forum⁵ in the Swiss town of Davos, that the eurozone economy's decline would decelerate by shrinking by 0.2 percent in 2013 after 0.4 percent last year, which weighed on oil prices on early Thursday, but only for a short period of time.

　　Positive input⁶ from China, where manufacturing output reached a two-year high Thursday, and the United States which reported that jobless claims touched a five-year low, lifted the price of the " black gold."British bank HSBC said that its index of purchasing managers, a figure above 50 signals expansion, in the world's second biggest economy of China, climbed to 51.9 points in January, 0.04 point up from last month.

　　The U.S. labor department said first time that claims for unemployment benefits in the world's largest economy declined by 5, 000 last week to 330,000, marking the lowest level since January, 2008.

1 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

2 mitigated   

v.减轻，缓和( mitigate的过去式和过去分词 )

参考例句：

• The cost of getting there is mitigated by Sydney's offer of a subsidy. 由于悉尼提供补助金，所以到那里的花费就减少了。 来自辞典例句
• The living conditions were slightly mitigated. 居住条件稍有缓解。 来自辞典例句

3 futures   

n.期货，期货交易

参考例句：

• He continued his operations in cotton futures.他继续进行棉花期货交易。
• Cotton futures are selling at high prices.棉花期货交易的卖价是很高的。

4 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

5 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

6 input   

n.输入(物)；投入；vt.把(数据等)输入计算机

参考例句：

• I will forever be grateful for his considerable input.我将永远感激他的大量投入。
• All this information had to be input onto the computer.所有这些信息都必须输入计算机。