Closing at 3:00 on the 11th, to close at 5,225 yuan Bohai crude oil / ton, up 14 per night the day / ton, or 0.27%. Bohai crude oil in early trading today, to 5234 yuan / ton opening, price 5261 yuan / ton. Bohai crude oil from the recent trend of international crude oil a little guidance, the strong remain. Today, there is even more rapid move up in early trading market, once the highest on the touch to 5,281 yuan / ton, reaching record highs.
International markets, NYMEX 3 月 light, sweet crude oil futures contract settlement price rose $ 0.02, to close at $ 86.73 a barrel. ICE 3 May Brent crude oil futures, the day down $ 1.26, to $ 100.56 a barrel. Intercontinental Exchange in London Brent crude futures settled in March closed at $ 100.87 a barrel, down $ 0.95; New York, March heating oil futures closed at 271.07 cents a gallon, down 5.82 cents; RBOB gasoline per gallon in March futures cents to close at 246.98, down 5.62 cents; the London Intercontinental Exchange in February $ 853.25 a tonne of diesel futures.
The recent strong performance of oil cloth, the day was down there, because we have news that Egyptian President Hosni Mubarak will hand over power, though its said will not resign. Also the U.S. for the first time jobless claims fell more than expected, a stronger dollar to suppress the formation of the oil market for the day.
According to foreign media reports, the U.S. Labor Department data released that day, as of February 5 when the first claims for unemployment benefits the week to 38.3 million barrels the previous week by 3.6 million, fell more than previously expected, 7, 2008 value of more the lowest level since January. In addition, the IEA in its monthly report due to increased oil demand forecast, its 2011 global oil demand forecast at 12 million barrels a day increase. For the day oil prices give a certain degree support.
Although the short-term international market, alternating long and short motivation, price shocks have exacerbated the trend. In contrast to the domestic Bohai Sea crude oil market is bullish momentum strong. This is one of the reasons mentioned in yesterday's comments. Due to changes in the three weighted rates of crude oil moved more than 10%, more people in the industry oil price increases are expected later this month to start, with a range of 300-500 dollars. Received the expected impact, pre-Bohai crude oil has shown strong resilience in the case of international crude oil fell. Today is pulled strong, having a multi-author look at, but need to be cautious small position to do more, because motivation cycle is relatively short and has some uncertain risks. (Cloud Man)