Diehui 128 U.S. dollars in international oil prices – futures Sina Financial News _ _ Sina
Posted on May-31-2008· by china investor
U.S. oil inventory report released last week, the market expects the data will show crude oil and distillate inventories remained tight. Market participants said that while crude oil futures Wednesday fell below the key psychological-130 U.S. dollars / barrel, but gasoline prices in the support of strong, short-term prospects remain good.
As of press time the New York Mercantile Exchange (NYMEX) 7月, light sweet crude futures at 128.98 U.S. dollars / barrel, down 2.09 U.S. dollars; London Intercontinental Exchange (ICE) 7月Brent crude at 129.53 U.S. dollars / barrel, down 108 cents.
There are market participants insisted that the reversal in oil prices in the key down the conditions are not met, as early as next week so do not rule out the possibility of a new high.
New York crude oil futures Wednesday had dropped to 125.96 U.S. dollars a / barrels, for the past seven trading days the lowest point. Subsequently, when traders once again put the focus on fundamentals, oil prices rebounded start again. Apart from Nigeria oil pipeline Monday by armed attacks, there is no oil on the latest news. However, the market is expected to remain strong global demand for crude oil, will support the supply of confidence.
According to analysts expect the U.S. to May 23 the week crude stocks will basically remain unchanged, gasoline inventories fell 300,000 barrels Distillate inventories rose 800,000 barrels refinery capacity utilization than the previous week's 87.9 percent increase 0.5 Percentage points. Earlier, on May 16 the week crude oil inventories fell 5.4 million barrels of crude oil futures in New York have been promoting an all-time high. (Liuhuo)
chinainvestor:本版contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
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