Predict the rise of U.S. crude oil inventories and the decline of international oil prices on Tuesday
predict the rise of U.S. crude oil inventories and the decline of international oil prices on Tuesday
April 8, 2009
[China paint information] due to the forecast of the rise of U.S. crude oil inventories last week, the international oil prices continued to fall on Thursday. At the close of Tuesday, the may light crude oil futures on the New York Mercantile Exchange were $49.15 a barrel, down $1.90 from the previous trading day; London Intercontinental Exchange Brent crude oil futures in May was $51.22, down $1.02; Heating oil futures in New York fell 2.88 cents to 139.03 cents per gallon in May; Rbob gasoline futures in May were 146.04 cents per gallon, down 1.51 cents; London intercontinental trading has affected the safety of modern residents. Diesel futures in April were $439.75 per ton, down another $0.50 from the previous trading day
the US Department of energy will release the weekly oil inventory report on Wednesday morning local time. According to the median forecast of a Bloomberg news agency survey of 12 analysts, U.S. crude oil inventories may increase by 1.5 million barrels last week. In addition, the decline in the US stock market also weighed on oil prices
TF next, Jinan Zhongbiao technicians will give you a detailed lecture. Gene mcgillian, an analyst of s energy LLC in Stanford, Connecticut, said, "after the stock market fell, people's attention has refocused on the fundamentals of supply and demand. At present, there is no sign that the situation of excess supply has changed."
crude oil futures in New York for May delivery on Tuesday fell $1.90, or 3.7%, and the closing price of $49.15 a barrel was the lowest in nearly a week. The oil price has risen 10% this year