By the U.S. economic data is not satisfactory, and Spain's sovereign credit rating has been reduced and other factors, international oil prices retreated on the 28th.
U.S. Commerce Department data showed U.S. consumer spending in April to go flat; Management Supply Association reported that the U.S. Midwest business activity index fell; Thomson - Reuters / University of Michigan survey showed U.S. consumer confidence index in May rose slightly. Because of the above indicators of lower than expected economic data, international oil prices opened higher this morning after the pullback.
Day, given the pace of Spain's economic recovery because the government's tightening policies may be affected, Fitch Ratings lowered the credit rating of Spain's sovereignty. This once again led the market investors in the euro zone's economic recovery and concerns about shrinking world energy demand, international oil prices down further.
To the closing, the New York Mercantile Exchange in July, light sweet crude for delivery fell 58 cents to close at 73.97 U.S. dollars a barrel. London Brent crude fell 56 cents to close at 74.10 U.S. dollars a barrel. (Chen Gang)