Related News
Oil down slightly, market awaits demand outlook
Source: Agencies |
June 11, 2013, Tuesday
|
Online Edition
Online Edition
Oil stalled yesterday, after last week's 4 percent gain, as traders await the latest readings on oil supplies and updated forecasts for demand.
US benchmark oil for July delivery fell 26 cents to close at US$95.77 per barrel on the New York Mercantile Exchange. Oil rose US$4.06, or 4.4 percent, last week and closed at US$96.03 a barrel on Friday.
Traders are waiting for updated forecasts on global oil demand. OPEC and the US Energy Department issue their monthly reports Tuesday, while the International Energy Agency, an umbrella group for the world's oil consuming nations, gives its update Wednesday.
The Energy Department also comes out with its weekly report on oil and fuel supplies, as well as demand for gasoline in the US Last week's report of a bigger than expected drop in oil supplies helped boost oil prices.
Brent crude, a benchmark for many international oil varieties, fell 61 cents to US$103.95 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline slipped 2 cents to US$2.85 a gallon.
- Heating oil fell less than 1 cent to US$2.88 per gallon.
- Natural gas dropped 3 cents to US$3.80 per 1,000 cubic feet.
US benchmark oil for July delivery fell 26 cents to close at US$95.77 per barrel on the New York Mercantile Exchange. Oil rose US$4.06, or 4.4 percent, last week and closed at US$96.03 a barrel on Friday.
Traders are waiting for updated forecasts on global oil demand. OPEC and the US Energy Department issue their monthly reports Tuesday, while the International Energy Agency, an umbrella group for the world's oil consuming nations, gives its update Wednesday.
The Energy Department also comes out with its weekly report on oil and fuel supplies, as well as demand for gasoline in the US Last week's report of a bigger than expected drop in oil supplies helped boost oil prices.
Brent crude, a benchmark for many international oil varieties, fell 61 cents to US$103.95 a barrel on the ICE Futures exchange in London.
In other energy futures trading on the Nymex:
- Wholesale gasoline slipped 2 cents to US$2.85 a gallon.
- Heating oil fell less than 1 cent to US$2.88 per gallon.
- Natural gas dropped 3 cents to US$3.80 per 1,000 cubic feet.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
