Beijing time on August 5 morning news, New York crude oil futures prices fell on Thursday, the highest since mid-February, the lowest closing price since, because the U.S. economy may fall into recession fears cycle significantly enhanced, resulting in selling hit the stock market plate, thereby promoting the market worried about the prospects for oil demand. In addition, the dollar rose today, crude oil futures market also contributed to pressure one of the reasons.
Day, the New York Mercantile Exchange (NYMEX) 9, light sweet crude for January delivery fell $ 5.30, to close at $ 86.63 a barrel, down 5.8%, the highest since the main contract since February 18, the lowest closing price, while also the highest since May 5, the highest single-day decline since that time oil prices fell 8.6% due to weak employment report, prompting silver and other metals futures prices hit selling. Since last Thursday, New York crude oil futures prices have dropped 11 percent, when oil closed at $ 97.44 a barrel. So far this year, New York crude oil futures prices fell by 5.2%.
London's ICE Futures Europe in September delivery Brent crude fell $ 5.58, to close at $ 107.65 a barrel, down 4.9%. So far this year, North Sea Brent crude oil futures prices rose 14%. By the closing price of Brent crude oil futures in New York light crude oil futures price and the difference between the price of $ 21.02 per barrel, the difference in the August 2, hit a record high of $ 22.67 per barrel level.
Dollar rose against the euro today, partly due to comments by European Central Bank President Jean-Claude Trichet impact. Intercontinental Exchange (ICE) of the latest reported U.S. dollar index 75.941 points, higher than Wednesday's 74.035 points.
In other Nymex energy trading, September RBOB gasoline futures for May delivery fell 19 cents to close at $ 2.74 per gallon (about $ 0.72 per liter), down 6.6%; September delivery of heating oil futures fell 13 cents to close at $ 2.89 per gallon (about $ 0.76 per liter), down 4.1%; September natural gas futures fell 15 cents, per million British thermal units $ 3.94, down 3.6%.
U.S. Department of Energy's Energy Information Administration (EIA) said in a report today that as of July 29 when the Natural Gas Storage 44 billion cubic feet (about 1.246 billion cubic meters), beating analysts' average estimate of 32 billion cubic feet (about combined 906 million cubic meters) to 41 billion cubic feet (about 1.161 billion cubic meters). (Civil and military)