Gasoline prices, global oil falling further

► On the electronic trading, the price of crude oil fell 83 cents more, to $ 94.94 per barrel ..

 

The Petroleum Institute released a report on U.S. crude supplies for the week ending on 7/6 increase is far-reaching impact on investor sentiment in the energy market - Photo by Reuters.

Affected by the latest forecast of the Organization of Petroleum Exporting Countries on the global energy supply and demand, gas prices, oil futures on the international market has fallen further in the session last night (11/6 ).

Specifically, the price of crude oil, light delivery in July on the floor New York Commodity Exchange closed 11/6 at $ 95.38 per barrel, down 39 cents from the previous day, corresponding to 0.4%. According to data from FactSet, the morning session 11/6, the price of crude oil has also slipped threshold at $ 94.04 per barrel.

On the London Commodity Exchange, crude oil, Brent North Sea slight slide 99 cents, equivalent to 1%, to $ 102.96 per barrel. The lowest price of the day of crude oil futures contracts of $ 101.82 per barrel this. The time difference between New York crude and Brent oil is over 6 dollars.

According to the latest report of the Organization of Petroleum Exporting Countries (OPEC), global oil demand will increase to 900,000 barrels per day in the last 6 months of 2013, compared with an increase of 700,000 barrels / day in 6 months of the year. However, the report also points out the risk of deviation can awry this trend.

On the same day, the Energy Information Agency of the U.S. energy outlook report its monthly short-term, has raised its forecast of crude oil prices in 2013. The agency also lowered the forecast energy demand of developing countries group, but increased its forecast for developing countries.

However, it seems the market's decline has not stopped after two reports. According to Market Watch pages, on board electronic trading, crude oil prices fell further 83 cents to $ 94.94 per barrel, after the American Petroleum Institute released a report that, last week, oil supply has increased nearly 9 million barrels.

According to market analysts, the Petroleum Institute released a report on U.S. crude supplies for the week ending on 7/6 as strong as this, will also deeply impacted investor sentiment in the market energy, until the U.S. Energy Information Administration official statistics published weekly.

In addition, the global stock market selloff fell into strong, after Japan's central bank decided to keep monetary policy launched in April and did not offer any new measures to further reduce volatility in the bond market, there are also certain to impact oil prices.

Also on the floor of the New York Mercantile night 11/6, July gasoline delivery fell 3 cents, respectively 1%, to $ 2.82 per gallon. Heating oil fell 2 cents at term, respectively 1% and $ 2.85 per gallon. Natural gas price for delivery in July fell to 8 cents, equivalent to 2%, down to $ 3.72 / million BTU.