International oil prices on Thursday (20 January) the European market lower in early trading, but still above 90 dollars in Shouwen. Expected U.S. crude inventories fell for the second consecutive 7 weeks, the market is worried that China's policy of gradually tightening to curb inflation.

        NYMEX 2 intraday month crude futures contract fell $ 0.69, at $ 90.17 / barrel. The contract on Wednesday in relatively light trading down $ 0.52, settle at $ 90.86. February contract expired Thursday.

        National Bureau of Statistics said Thursday that fourth quarter 2010 gross domestic product (GDP) grew 9.8%, compared to 9.6% in the third quarter, higher than the value of the media survey 9.2% increase.

        Annual GDP growth of 10.3% year on year, is expected to be an increase of 10.2%. Bureau of Statistics said that the current rise to the good economy in the transition to the critical period of steady growth. 2010 consumer price index (CPI) rose 3.3%, the growth rate of around 3% higher than the official control objectives, and in 2009 CPI of 0.7% over a year of decline.

        Month of December 2010, CPI rose 4.6%, lower than the November 2010 growth rate of 5.1%. November 2010 CPI growth rate was the highest growth rate of more than two years.

        ANZ (Australia & New Zealand Banking Group Ltd.) Oil prices expected to rise 11.2% in 2011, to 97 dollars / barrel, the U.S. and European economies are expected due to stronger than expected.

        ANZ head of commodities research Mark Pervan said that China's continued strong economic recovery in developed economies but also gradually improved. Expected in 2011 across the board rise in commodity prices.

        American Petroleum Institute (API) data showed the U.S. on January 15 the week crude oil inventories increased 350 million barrels, gasoline stocks increased 190 million barrels, distillate stocks rose 9.4 million barrels.

        According to a media survey showed that U.S. crude stocks last week, is expected to decrease by 60 million barrels, while gasoline and distillate stocks are projected to increase. Midnight GMT on Friday the U.S. government announced last week will be the fuel inventory data, released a day later the date, because on Monday a public holiday.

        Beijing time 18:37, Nymex 2-month crude reported $ 91.38 / barrel