► End of 13/6, the price of crude oil on the New York Mercantile Exchange added 81 cents, or 0.8%, respectively, to $ 96.69 per barrel ...
Currently energy investors mainly concerned with macroeconomic activity, after the report showed demand for crude will grow weaker global trade in goods and international nam.Phien International last night (13/6), the price of crude oil futures continued to rise, after receiving positive reports on U.S. retail sales and the number of people applying for unemployment benefits for the first time.
Specifically, as reported by the U.S. Labor Department, the number of people applying for unemployment benefits for the first time in this country in the week ending 8/6 were off 12,000 to 334,000 people, much better than the 350,000 forecast by analysts. While, as reported by the U.S. Commerce Department, retail sales rose 0.6% in May, higher than the 0.5% forecast.
Despite the news that the U.S. economy is showing signs of recovery more apparent, will be the U.S. Federal Reserve (Fed) as conditions to reduce or shorten the program to stimulate growth as revenue monthly bond purchases worth $ 85 billion, but the day 13/6, this is the key factor to help support the commodity markets, including crude oil.
End of session 13/6, sweet crude, slightly over July cargo floor New York rose 81 cents, equivalent to 0.8% to $ 96.69 per barrel. Before the report was published on the official, according to data from FactSet, the price of crude oil futures slid deep into this category are $ 95.02 per barrel in electronic payment table.
On the London Commodity Exchange, crude oil, Brent North Sea also increased slightly to be 76 cents, equivalent to 0.7%, closing the day up 13/6 at $ 104.25 per barrel price. The time gap between the price of New York crude oil futures and Brent crude oil is over 7 dollars, considerably simplified compared to offset nearly 10 USD at the end of last week.
In addition to the positive news on the U.S. economy, according to market analysts, in a Canadian oil pipeline to shut up and that heat increases the energy market. The same information on the operation of the pipeline has always been considered an important factor, helping to support oil prices go up, but the "vitality" of them very short.
Currently energy investors mainly concerned with macroeconomic activity, after the report showed demand for crude will grow globally in 2013 is weak. A day earlier, on 12/6, the International Energy Agency said that China, the second largest oil consumer in the world, will need less oil than last year's situation.
Also on 13/6, on the floor of the New York commodities, the price of gasoline was delivered in July rose 5 cents, equivalent to nearly 2%, to $ 2.86 per gallon. Heating oil prices over the same period rose 4 cents, equivalent to 1% to closed at $ 2.94 per gallon. While natural gas commodity prices for July delivery was up 3 cents, equivalent to 0.8%, to $ 3.81 / million BTU.
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