International oil prices Thursday (June 17) European city to recover before early fall and break through 77 U.S. dollars, due to the global market for Spanish public debt fears ease.
Spain Thursday just successfully auctioned 35 billion euros (4.29 billion U.S. dollars) in the 10-year and 30-year government bonds.
Analysts pointed out that the Spanish bond auction is for crude oil and global stock markets affected, to some extent, a relatively abundant supply of crude oil overshadowed the negative factors.
German commercial banks (Commerzbank) analyst Carsten Fritsch said the bond auction market focus, rather than crude oil fundamentals.
Market while closely watching the upcoming U.S. macroeconomic data, including last week's initial jobless claims and the May consumer price index.
Crude oil price rally may be enough supply constraints. Latest EIA data showed U.S. inventories of crude oil and petroleum products are still much higher than the year before.
Beijing time 19:46, NYMEX 7-month crude oil reported 77.37 U.S. dollars / barrel. (Hate true)