U.S. oil inventories fell by a substantial boost, NYMEX crude oil futures closed higher 15; NYMEX 1 month crude futures contract settled up $ 88.62 a barrel.
Integrated media reported on December 15, the New York Mercantile Exchange (NYMEX) crude oil futures settled 15 higher, reversing early losses as U.S. data released earlier showed that U.S. oil inventories appears the biggest weekly decline in eight years. New York Mercantile Exchange crude oil futures contract settled up on January 34 cents to $ 88.62 a barrel, or 0.4%.
U.S. Department of Energy (Department of Energy) released a report, as of December 10 the week down 990 million barrels in crude stocks, a decline than analysts had expected 270 million barrels. Total crude oil and fuel inventories fell to November 2008 the lowest level since a certain extent by the substantial reduction of imports.
In addition, the IEA (International Energy Agency) and OPEC (Organization of Petroleum Exporting Countries), respectively, last week raised their oil demand forecast.
January RBOB gasoline futures contract settled up 1.28 cents to $ 2.3092 a gallon. January heating oil futures contract settled up 1.56 cents to $ 2.4835 a gallon.
ICE Brent crude futures rose 99 cents to $ 92.20 a barrel. (Master Wei Juan