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New York crude oil futures rose 1.9 percent to close at $ 88.90 a barrel
Source:China Fertilizer Network   Time:2011-08-31   Read:906second  

Beijing time on August 31 morning news, New York crude oil futures prices closed sharply higher on Tuesday, marking the highest for nearly three weeks of the closing price as the U.S. stock market prices, led to optimism about demand for crude oil.
 Day, the New York Mercantile Exchange (NYMEX) 10 Light, sweet crude for January delivery rose $ 1.63, to close at $ 88.90 a barrel, or 1.9 percent, the highest since August 3 the highest closing price since, after earlier touched $ 86.46 a barrel, the lowest. So far this year, New York crude oil futures prices have fallen by 2.7%.
 London's ICE Futures Europe October delivery price of Brent North Sea crude rose $ 2.14 to close at $ 114.02 a barrel, or 1.9%. By the closing price of Brent crude oil futures in New York crude oil futures price and the difference between the price per barrel $ 25.12, the difference in the Aug. 19 hit a record high of $ 26.21 per barrel level.
 U.S. Department of Energy's Energy Information Administration (EIA) is scheduled to last week's oil inventory report released tomorrow. Bloomberg survey of 13 analysts surveyed expected the week to an average crude oil inventories fell 500,000 barrels. In the previous week, 221 million barrels of U.S. crude oil inventories fell to 3.518 million barrels, a decline of 0.6%. American Petroleum Institute (API) will be released later today, weekly crude inventory data, analysts expect the data will show that U.S. crude oil inventories fell last week, about 120 million barrels.
 In other Nymex energy trading, September RBOB gasoline futures for May delivery rose 6 cents to close at $ 2.97 per gallon (about $ 0.78 per liter), or 2%; September delivery of heating oil futures rose 6 cents to close at $ 3.07 per gallon (about $ 0.81 per liter), or 2%. (Civil and military)

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