Related News
Oil falls below 88 dollars a barrel
Source: Xinhua |
February 8, 2011, Tuesday
|
Online Edition
Online Edition
CRUDE oil price yesterday fell below 88 dollars a barrel on concerns about high inventories and sluggish demand and as Egyptian unrest eased.
Egypt banks began to reopen on Monday after two weeks of unrest, showing the situation there was calming down and there was no threat to the oil supply from the Middle East.
US crude inventories rose 2.59 million barrels to 343.16 million barrels in the week ended Jan. 28, according the report of Energy Information Administration. It was the third straight week for inventories to rise.
And the employment data released last Friday was not so satisfying, new jobs were far less than estimation. Investors and traders remained worried about the biggest oil-consumer's economic outlook.
Light, sweet crude for March delivery fell 1.55 dollars, or 1. 74 percent to 87.48 dollars a barrel on the New York Mercantile Exchange.
Egypt banks began to reopen on Monday after two weeks of unrest, showing the situation there was calming down and there was no threat to the oil supply from the Middle East.
US crude inventories rose 2.59 million barrels to 343.16 million barrels in the week ended Jan. 28, according the report of Energy Information Administration. It was the third straight week for inventories to rise.
And the employment data released last Friday was not so satisfying, new jobs were far less than estimation. Investors and traders remained worried about the biggest oil-consumer's economic outlook.
Light, sweet crude for March delivery fell 1.55 dollars, or 1. 74 percent to 87.48 dollars a barrel on the New York Mercantile Exchange.
- 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.
