Number of profit-taking and the Middle East oil supplier position to suppress, NYMEX crude oil futures lower 18 Asian electronic trading to below $ 109.
Integrated Media April 18 report, the New York Mercantile Exchange (NYMEX) crude oil futures fell 18, and Asian electronic trading below the $ 109 mark, the suppression by the profit-taking, while the volatile situation in Libya and North Africa, after oil prices pushed up Middle East crude oil supplier said it would more than ready to meet market demand.
15 points in the crude oil futures on the $ 109 level, the Asian market, profit-taking; Saudi Arabia and Kuwait and other oil-producing countries that are ready will be ready to meet market demand.
Saudi Oil Minister Ali Naimi 17, said that the current excess supply of international crude oil market, Saudi crude output in March fell to 829 million barrels, as the world's largest oil exporter Saudi Arabia was ready, ready to meet market demand. Kuwait Oil Minister Al-Sabah, 17, also said the international crude oil markets are well supplied, Kuwait is 220 million barrels per day now.
United Arab Emirates Energy Minister Mohammed. Hami Li 17, stressed that the current oil supply fully able to meet international market demand, the current rise in oil prices has nothing to do with market supply and demand, largely attributed to the change in the geopolitical region and speculators to take advantage of this change due to speculation.
Released by 15 is better than expected U.S. economic data, investors turned the attitude of the U.S. economic outlook optimistic, NYMEX crude oil futures closed at $ 109 15 above, at $ 109.66 a barrel.
Beijing time 10:15, NYMEX 5-month crude fell $ 0.63 to $ 109.03 a barrel. (Koyanagi)