International crude oil rose 1.7% on Wednesday at $94.17 per barrel
in the early morning of January 16, Beijing time, on Wednesday, the energy information administration of the U.S. Department of energy released the latest inventory report of energy products, which showed that in the week ending January 10, U.S. commodity crude oil inventories decreased by 7.7 million barrels, far exceeding the average expectation of analysts that crude oil inventories would decrease by 1.6 million barrels last week, as shown by market surveys, The oil price then expanded the increase caused by the positive manufacturing data earlier, and the main crude oil contract closed sharply higher at $94.17 per barrel in the floor trading
the main crude oil contract in February on the New York Mercantile Exchange rose $1.58 on Wednesday to close at $94.17 a barrel, or 1.7%. This is the highest closing price of the main contract since January 2, and its quotation was $93.50 per barrel shortly before the inventory report was released
this is the seventh consecutive weekly decline in U.S. crude oil supply, with inventories falling by 41.2 million barrels. The EIA report also pointed out that gasoline inventories increased by 6.2 million barrels last week, and distillate oil inventories, including diesel and distillate fuel oil, decreased by 1million barrels. Market research shows that analysts generally expect gasoline inventories to increase by 1.7 million barrels and distillate oil inventories to increase by 1.3 million barrels in the week ending January 10
the inventory report released by the American Petroleum Association, an industry organization, late Tuesday pointed out that in the week ending January 10, U.S. Commodity crude oil inventory decreased by 4.1 million barrels, gasoline inventory increased significantly by 5.4 million barrels, and distillate oil inventory decreased by 1.7 million barrels
the February gasoline contract rose less than 1 cent on Wednesday to close at $2.63 per gallon, up 0.2%; In February, distillate fuel oil rose 4 cents, or 1.5%, to close at $2.98 per gallon
the general business condition index of the Federal Reserve of New York released earlier on Wednesday showed that the reading in January soared from negative 2.2 points in December to 12.5 points, the highest level since May 2012, indicating that the activity of the manufacturing industry in New York state finally improved much better than the market expected after three months of weak performance in printing Fairy Ball patterns on two-way elastic cloth. Good economic data usually means higher demand for energy products in the future, which will significantly promote prices
on the other hand, the Federal Reserve released the latest report on the economic situation of the Fed region, the so-called fed beige book, shortly before the end of the floor trading of energy futures contract 2, cleaning and cleaning. The report said that the U.S. economy is still growing at a moderate momentum, and the economic outlook is positive
the benchmark European contract, the London Brent crude oil contract of Intercontinental Exchange, which is not subject to additional forces, rose 74 cents on Wednesday to close at $107.13 a barrel, or 0.7%. The contract will expire after the close of trading on Thursday
analysts from Commerzbank of Germany pointed out that it is entirely possible for the price of Brent crude oil to decline further, because the prospect of supply growth has been established, and the Libyan government is eager to resume transportation at several key export ports in the East. As the protests continued, the country's oil exports were hampered in the summer of 2013. According to the report of the German commercial bank, although it is unclear whether the Libyan government can achieve its goals, the market is obviously ready, and the country's oil supply will continue to increase, which is also true in Iran
the report said that since the oil trade sanctions measures other than crude oil transportation insurance are still in effect, the partial relaxation of sanctions against Iran will not have an immediate impact on oil supply from next week, otherwise only the initial data set last time will be remembered. However, negotiations for a comprehensive settlement of the nuclear dispute will begin next month, which may lead to the complete lifting of sanctions against Iran. The bank predicts that global oil supply will increase by about 2million barrels a day as Iran and Libya return to the market
the energy information administration will also release the latest natural gas inventory report on Thursday. Market research shows that analysts on average expect natural gas inventories to decrease by 300billion cubic feet to 304billion cubic feet in the week ending January 10
the February natural gas contract fell 4.4 cents on Wednesday to close at $4.325 per million British thermal units, down 1%
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