NYMEX crude oil futures ended higher on the 9th, Yinoupeike internal divisions caused by supply concerns. NYMEX 7 月 light, sweet crude contract settled up 1.2 percent, to $ 101.93 a barrel.
Integrated Media June 9 report, the New York Mercantile Exchange (NYMEX) crude oil futures ended higher on the 9th, Yinoupeike differences of opinion within the market worried about the oil market supply. NYMEX 7 月 futures contract, light sweet crude settled up $ 1.19 to $ 101.93 a barrel, or 1.2%, OPEC (Organization of Petroleum Exporting Countries called: OPEC) 8 failed to reach an agreement to increase production, Although the largest oil producer Saudi Arabia will Hououpeike that will still increase oil production to stabilize oil prices, but investors are still worried about the supply of crude oil.
Meanwhile, the U.S. Department of Energy (Energy Department) 8 announced U.S. crude oil inventories fell more than expected. Data show that the United States June 3 week crude oil inventories fell 4.8 million barrels, a decline is much higher than analysts expected 40 million barrels. Higher than expected oil inventories, gasoline inventories rose 2.2 million barrels, distillate stocks rose 800,000 barrels.
In addition, the current turbulence in the Middle East, Syria and Yemen, the conflict continues, Israel, Iran and friction between, geopolitical tensions also continued to push prices higher. On the 9th there is news that the United States and the International Energy Agency may use emergency oil reserves to ease the pressure on market supply and demand, curb the momentum of rising oil prices.
U.S. Department of Commerce data released on the 9th, the United States April exports amounted to $ 175.6 billion, the highest, and the total imports in April due to reduced U.S. trade deficit fell sharply to ease investors' concerns about the U.S. economic recovery, oil demand is expected to So get a boost, rising oil prices also constitute good.
Dealers said the market waiting for the economy and demand for crude oil trading for more signals to determine the direction, but OPEC has been unable to reach agreement on the promotion of oil production rose to the recent volatility in the high-end range of $ 95-105.
NYMEX 7 RBOB gasoline futures settled up 6.11 cents to $ 3.0398 a gallon, or 2.1%; July heating oil futures settled up 1.4 percent, to $ 3.1378 a gallon.
ICE Brent crude futures contract closed up $ 1.72 a barrel to $ 119.57, or 1.46%. (Read South)