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Does not match the expected changes in stock market, oil prices fell to $ 86.71 on Wednesday
Time:2011-02-10   Read:1153second  

Beijing on February 10 morning news, on Wednesday, although the official data showed crude oil inventories increased last week, less than the U.S. Commodity market expectations, but there a variety of energy products than-expected growth in inventories, market participants bring attention to this signal bearish expectations, pressure on crude oil prices fell. Main crude oil contract on Wednesday fell to $ 86.71 a barrel.
        
The New York Mercantile Exchange, March crude oil contract on Wednesday fell 23 main cents to settle at $ 86.71 a barrel, down 0.3%, which is the contract on January 27 the lowest closing price since. Earlier on Wednesday, once the contract rose to $ 88.05 a barrel.
        
On Wednesday, the U.S. Energy Information Administration released data show that ended Feb. 4 in the week ended, the U.S. crude oil inventories of goods increased by 190 million barrels, slightly below analyst expectations of 240 million barrels of inventory growth. The report also pointed out that, as of February 4 the end of the week, gasoline inventories rose by 470 million barrels, distillate stocks increased by 30 million barrels. Before the survey, analysts expect gasoline inventories increased last week, 310 million barrels, including diesel and heating oil, distillate stocks, including 140 million barrels would reduce.
        
Report once pushing crude prices up, then returned to the decline. Some analysts noted that the current gasoline stocks 4.5% higher than the same period last year, indicating lack of demand for energy markets, energy prices are negative factors. But in March reformulated gasoline contract to changes in the experience of many end up 3 cents to close at $ 2.53 per gallon.
        
On the other hand, natural gas futures contract prices in major consuming region in the next two weeks, temperatures will begin warming is expected to gradually under pressure, in March the main natural gas contract rose less than 1 cents per million British thermal units, $ 4.04. U.S. Energy Information Administration announced on Thursday morning last week, natural gas inventory data.
        
U.S. Department of Agriculture on Wednesday announced this month the World Agricultural Supply and demand is expected to report corn stocks for domestic and international data were adjusted downward. Report led to broad based food index futures prices, corn, once the contract rose 30 cents, to day trading limit.
        
Chicago Mercantile Exchange, March corn rose 24 cents to close at $ 6.98 per bushel, or 3.6%, is the contract in July 2008 the highest closing price since; March wheat rose 12 cents to $ 8.86 per bushel , or 1.3% in August 2008 the highest closing price since the contract had earlier risen to $ 9.34 a bushel; March soybeans rose 17 cents to $ 14.51 per bushel, or 1.2% 7 in 2008 the highest closing price since January, previously reported that the contract $ 15.04 per bushel

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