International oil prices continued to slightly higher 20. To the closing, the New York Mercantile Exchange, light crude oil for delivery in August futures rose 90 cents to close at 77.44 U.S. dollars a barrel, close to 78 dollars again. London Brent crude futures rose 60 cents to close at 76.22 U.S. dollars a barrel.
U.S. stocks Dikaigaozou, it shows the growth in oil demand likely to drive the energy market, investor confidence is the main reason oil prices the day. In addition, the market talk that the Fed may further reduce payments to the bank reserve rate, to stimulate bank lending, the news is also driving up prices.
        Other push factors include higher oil prices, weather forecasts, this year the United States since 2005 may experience the most intense hurricane season, crude oil production or will have an enormous negative impact, resulting in reduced supply. Investors are closely watching the Caribbean island of Hispaniola near the tropical air, because the air will directly affect the Gulf of Mexico oil production. It is reported that Gulf of Mexico oil production accounts for about 30% of U.S. production.
        In addition, the expected U.S. crude inventories also helped to reduce crude oil prices continue to rise. Later on the 21st U.S. Department of Energy will provide the July 16 end of the week's crude oil inventory data, is widely predicted that crude oil inventories decreased last week, the volume of 1 million barrels, which shows that oil demand is growing. 
        Some analysts believe that crude oil investors usually pay close attention to financial markets and their trends to judge the overall investor sentiment based primarily on the short-term financial markets, particularly the trend of U.S. financial markets and the macroeconomic data releases, about crude oil prices will continue the trend. (From Susan)