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US Crude Oil Inventories Unexpectedly Increased By &Nbsp; International Oil Prices Fell 13 Days.

2011/10/14 11:06:00 27
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US Crude Oil Inventories Increase

By the United States last week

crude oil

Stocks unexpectedly increased sharply, and international oil prices fell 13 days.


The US Energy Intelligence Agency released a report on the same day that US crude oil inventories increased by 1 million 340 thousand barrels in the week ending October 7th, which is higher than expected before the market.

But the report also showed that gasoline inventories decreased by 4 million 100 thousand barrels during the week.


In addition to the increase in supply, China's foreign trade data in September also put pressure on oil prices.

According to the Customs General Administration of China, China's trade surplus in September decreased for a second consecutive month, with a decrease of 12.4%, and crude oil imports also fell by more than 10% in the same month.


In addition, investors are still in Europe.

debt

The crisis is worrying.

The European Central Bank said on the same day that if the private sector is forced to bear sovereign debt losses, it will affect the credibility of the euro and damage the interests of the euro zone banks.

European debt is uncertain.


 

By the end of the day, the New York Mercantile Exchange delivered light crude oil futures in November, down 1.34 US dollars, closing at $84.23 a barrel, or 1.59%, with a range of US $83.17 to US $85.39.

Beihai crude oil futures for November delivery, Brent crude oil futures, fell 25 cents to $111.11 a barrel, or 0.22%.


 
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