International oil prices Wednesday (June 23) morning in Europe fell to 78 dollars below market, so before the release of the API data showed U.S. crude and gasoline inventories last week's unexpected surge. Investors now await the upcoming market outlook, EIA inventory data.
API data showed previously announced, the United States increased by 370 million barrels in crude stocks last week, analyst forecasts for a drop of 80 million barrels.
        Data also showed U.S. gasoline inventories rose 8.1 million barrels last week, analysts had  expected to decline by 10 million barrels.
        Citigroup Futures observation (CitiFuturesPerspective) analyst TimEvans said: "Despite entering driving season, but have to admit that stocks do not fall to critical low."
        International Energy Agency (IEA) raised the next five years, the supply of crude oil is also expected to pressure oil prices.
        IEA today the 2009-2015 forecast average world oil supply increases on 30 million barrels, mainly due to non OPEC (OPEC) national supply driven.
        Analysts said the weaker than expected U.S. housing data also form a pressure on oil prices. 
        National Association of Realtors (NAR) Tuesday (June 22) released data showed U.S. existing home sales in May falling, there had been increased for two consecutive months, the main tax credit policy by the government near the end of the effect of promoting .
        The data showed that U.S. May existing home sales fell an annualized rate of 2.2% on the total number of years into 5.66 million. Month, stocks, and housing prices. 
        Tokyo, Japan Newedge brokerage firm Commodity Derivatives Sales Manager KenHasegawa said: "If the stock market will fall, which will further push down oil prices. In the API data showed rising inventories, people continue to choose profit-taking." 
        Market outlook, investors will pay close attention to the publication of EIA data.
Beijing time 19:28, NYMEX8 report dated crude oil 77.74 U.S. dollars / barrel. (Incense)