By the strong U.S. economic data and tight oil supply is expected to boost crude oil futures closed 22 higher for a fourth day, February light sweet crude oil futures settled up 86 cents, to $ 99.53 a barrel, or 0.9%.
Integrated media reported on 22 December, the strong U.S. economic data, market sentiment picked up and reported oil supply tight to provide support for the market, crude oil futures higher 22 to around $ 100 a barrel, following the European and American stock market rally.
February New York Mercantile Exchange, light sweet crude oil futures settled up 86 cents, to $ 99.53 a barrel, or 0.9%. ICE Brent crude oil futures contract settled up 18 cents, to $ 107.89, or 0.2%. However, year-end holidays approaching, the market volume was light, the volume is only about one-third the normal level.
Crude oil futures prices hit $ 100 a barrel intraday twice the level, but also the first time since last week hit this level. Although third-quarter U.S. gross domestic product (GDP) growth was revised down, but traders were not affected.
Data showed U.S. 22, December 17 the week for the first time jobless claims fell to 364,000 people, fell more than expected, the highest since mid-April 2008, the lowest level. Meanwhile, the University of Michigan and Reuters, according to data released showed U.S. consumer confidence index in December, the final value of 69.9 points, is expected to be 68.0 points.
The Conference Board announced that the U.S. economy, the November index of leading economic indicators rose 0.5% qoq, the strong pick up the data so that market risk sentiment, and promote the European and American stock markets closed higher. However, the U.S. third-quarter gross domestic product (GDP) rose 1.8 percent, less than 2% is expected, slightly against market sentiment.
BNP Paribas Prime Brokerage Inc. In New York director of Benz (Tom Bentz) said, "upward trend in crude oil market, there may be further room to rise. 21 stocks that many people by surprise, helping to expand crude oil rally. Today's employment data to the initial boost to the market, but oil prices into the $ 100 / barrel near the resistance area. "
22, according to Dow Jones Newswires reported, some analysts said the U.S. Energy Information Administration (Energy Information Administration) report released on Wednesday to continue to the crude oil market a boost. The report showed U.S. crude oil inventories fell last week, 1060 million barrels to 3.24 million barrels, hit three-year low, also 10 years the largest single-week decline.
Front-month contract ended in January RBOB gasoline futures rose 1.99 cents to $ 2.6398 a gallon. January heating oil futures settled down 0.11 cents to $ 2.9076 a gallon. (Dong-flower)