Related News
Oil falls below US$72 per barrel
BENCHMARK crude for July delivery fell 64 cents to settle at US$72.04 on the New York Mercantile Exchange, the first time oil prices have fallen in several days.
In other Nymex trading, gasoline for July delivery fell 2.18 cents to settle at US$2.0431 a gallon and heating oil dropped 1.59 cents to settle at US$1.8375. Natural gas for July delivery slid 7.6 cents to settle at US$3.857 per 1,000 cubic feet.
In London, Brent prices fell 87 cents to settle at US$70.92 a barrel on the ICE Futures exchange.
Still, oil prices have more than doubled since March even though demand is down for the year and American storage tanks are bloated with a huge surplus.
Crude hit new eight-month highs this week, peaking Thursday at US$73.23 a barrel.
Yesterday, the Organization of Petroleum Exporting Countries dropped its daily demand forecast by 230,000 barrels, estimating that global consumption would shrink to 83.8 million barrels a day.
In other Nymex trading, gasoline for July delivery fell 2.18 cents to settle at US$2.0431 a gallon and heating oil dropped 1.59 cents to settle at US$1.8375. Natural gas for July delivery slid 7.6 cents to settle at US$3.857 per 1,000 cubic feet.
In London, Brent prices fell 87 cents to settle at US$70.92 a barrel on the ICE Futures exchange.
Still, oil prices have more than doubled since March even though demand is down for the year and American storage tanks are bloated with a huge surplus.
Crude hit new eight-month highs this week, peaking Thursday at US$73.23 a barrel.
Yesterday, the Organization of Petroleum Exporting Countries dropped its daily demand forecast by 230,000 barrels, estimating that global consumption would shrink to 83.8 million barrels a day.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$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.