Peak demand will end, crude oil futures in New Yor

2022-08-21
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The demand peak will end, and New York crude oil futures will plummet by $2.78

the demand peak will end. New York crude oil futures will plummet by $2.78

September 1, 2010

[China paint information] although the U.S. consumer confidence index rose, it failed to maintain the intraday rise of crude oil futures, worried about the decline in demand in the last week before the U.S. labor day, and European and American crude oil futures fell for two consecutive days. At the close of Tuesday, the October futures settlement price of light crude oil on the New York Mercantile Exchange was $71.92 a barrel, down $2.78 or 3.72% from the previous trading day, the largest decline in 12 weeks; London Intercontinental Exchange Brent crude oil futures in October settled at $74.64 a barrel, down $1.96; Heating oil futures in New York fell 3.08 cents to 199.44 cents per gallon in September; Rbob gasoline September futures were 188.94 cents per gallon, down 4.47 cents; London Intercontinental Exchange September diesel futures fell $5.25 to $641.25 per ton

in August, New York light crude oil futures fell by $7.03, or 8.9%, the largest monthly decline since May. At the beginning of August, European and American crude oil futures broke through $80 a barrel, but after falling below $80 in mid August, it was close to $70 a barrel in late August. In August, the settlement price of crude oil futures in New York in recent months reached US $82.55 per barrel, and the lowest was US $71.63 per barrel

according to the settlement price of the New York Mercantile Exchange, the "3-2-1" profit of refining three barrels of crude oil into two barrels of gasoline and one barrel of heating oil on Tuesday was $8.905 per barrel, up $1.097 from Monday

according to the U.S. weather forecast, Hurricane Earl is approaching the east coast of the United States, and may sweep through densely populated North Carolina to the coast of New England, inhibiting driving, thereby reducing the demand for gasoline. Gasoline sales in the United States fell sharply to the lowest level in 12 weeks. MasterCard believes that in the week ended August 27, the daily gasoline demand in the United States was 9.169 million barrels, down 3.1% from the previous week, 0.7% higher than the same period last year, and the total export value continued to rise. In the past four weeks, the daily demand for gasoline in the United States was 9.405 million barrels, 0.8% higher than the same period last year. Since the beginning of this year, U.S. oil demand has increased by 0.9% over the same period last year. However, gasoline demand in the United States is still lower than that in 2007 and 2008 before the economic crisis

the market is waiting for official U.S. oil inventory data. Analysts believe that U.S. distillate oil inventories, including heating oil and diesel, may rise to the highest level in 27 years because the slowdown in economic growth has curbed demand. According to a Bloomberg survey of 12 analysts on the biological agent project of green insecticidal sterilization and nitrogen fixation, which has cooperated with Yucheng pesticide factory, the median figure shows that as of August 27, the U.S. crude oil inventory may increase by 1.55 million barrels; Gasoline inventory may be reduced by 375000 barrels; Therefore, distillate oil inventories, including heating oil and diesel oil, may increase by 1million barrels. The US energy information administration will release oil supply and demand data on Wednesday

after the closing of European and American crude oil futures, the data released by the American Petroleum Institute showed that the U.S. crude oil inventory increased last week, and the growth rate was much higher than analysts' expectations. However, the inventory of refined oil products fell sharply. As of August 27, 2010, U.S. crude oil inventories increased by 4.765 million barrels in the week; Gasoline inventories in the United States fell by 589000 barrels; Distillate oil inventories fell by 1.86 million barrels

US consumer confidence increased, but failed to boost the oil market. Data released by the World Federation of large enterprises, a private consulting organization in the United States, showed that the U.S. consumer confidence index rose to 53.5 in August, and the consumer expectation index for economic activity in the next six months rose to 72.5 in August

according to the minutes of the Federal Open Market Committee monetary policy meeting on August 10 released by the Federal Reserve on Wednesday, if the U.S. economic outlook "significantly" deteriorates, the Federal Reserve will take new support measures

affected by the growth of consumer confidence index and the minutes of the Federal Reserve meeting, the US stock market rose slightly on Tuesday. The Dow Jones Industrial Average closed up 0.05%, but fell 4.31% this month, the first fall in August in five years. The S & P 500 index rose 0.04%

according to the latest news, the package price of OPEC calculated by the weighted average price of 12 OPEC member states on August 30 was US $73.05 per barrel, up US $0.69 from the previous trading day

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