As part of the weaker dollar and to restore market confidence in the U.S. cut energy prices offset the expected impact of slightly higher international oil prices on the 8th.
U.S. Department of Energy's Energy Information Agency released a report that day that the average international oil prices this year 79 U.S. dollars per barrel in 2011 to 83 U.S. dollars, respectively, lower than forecast last month, the three U.S. dollars. Meanwhile, the Energy Information Administration will be the peak summer driving season this year, the average gasoline price is expected to tone down 2.79 U.S. dollars per gallon, lower than the previous forecast of 15 cents.
However, the U.S. Federal Reserve Chairman Ben Bernanke on the 7th night told the media that the U.S. economy will not fall into the second recession, the words to some extent calmed market sentiment. 8 euro against the U.S. dollar rebound, and topped 1.20 U.S. dollars mark. A weaker dollar to promote the dollar-denominated crude oil futures prices.
To the closing, the New York Mercantile Exchange, light crude oil for delivery in July futures rose 55 cents to close at 71.99 U.S. dollars a barrel. London, July Brent crude futures rose 18 cents to close at 72.30 U.S. dollars a barrel. (Yang Lei)