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International oil prices rose to above 71 U.S. dollars a barrel
Source:China Fertilizer Net   Author:Chen Gang   Time:2010-05-27   Read:1362second  

U.S. crude oil consumption increased by factors such as stimulus in the series of 26 international oil prices fell sharply after the rally, New York, London, oil prices have rebounded to between 71 U.S. dollars a barrel over.
U.S. Department of Energy report released the same day, compared with the same period last year, the United States over the past four weeks, crude oil consumption increased by 7%. As of last week, U.S. commercial crude oil inventories increased by 240 million barrels, gasoline inventories decreased by 20 million barrels, including oil products, including heating oil inventories fell by 30 million barrels.
The same day, U.S. economic data boosted investor confidence in the market. According to the U.S. Commerce Department reported the U.S. April durable goods orders rose 2.9%, Central, for the past five months the 4th to rise higher than expected. In addition, U.S. new home sales in April rose 14.8%, Central, in May 2008 for the highest level since.
Affected by the above factors, the sharp rebound in oil prices on the 26th. New York Mercantile Exchange, light crude for July delivery rose 2.76 U.S. dollars futures close at 71.51 U.S. dollars a barrel. London Brent crude oil futures rose 2.19 U.S. dollars to close at 71.74 U.S. dollars a barrel. (Chen Gang)
 

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