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New York oil prices closed at more than 78 dollars a barrel
Source:Network of Chinese chemical fertilizer   Author:NIU Hai-rong   Time:2010-06-26   Read:1313second  

        As investors worried about the coming hurricane season could affect U.S. oil production, 25, New York, crude oil futures prices rose more than 3% of the day, the first time since early May to close at 78 a barrel dollars.
        The day of the U.S. National Hurricane Center warned of low pressure in the Caribbean region at risk from future within a week the formation of tropical storm that left investors worried Zhan nearly a third of U.S. oil production in the Gulf of Mexico oil production Hui Yin coming hurricane season affected by international oil prices surged.
        Meanwhile, international oil prices has also been the support of positive economic data. University of Michigan and Reuters joint report released the same day, in June U.S. consumer confidence index rose to its highest level in two years, the data encouraged investors to sentiment because consumer confidence in the economic outlook is conducive to the increase in personal consumption
        In addition, the same day against the euro continued to weaken, and also U.S. dollar-denominated commodity prices lending support.
        At the close, the New York Mercantile Exchange, August light sweet crude for delivery rose 2.35 U.S. dollars higher than the previous trading day to close at 78.86 U.S. dollars a barrel.London, August Brent crude oil futures prices rose 1.65 U.S. dollars to close at 78.12 U.S. dollars a barrel. (Niu Hai-rong)

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