NYMEX crude oil closed, US crude oil inventory dec

2022-05-27
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(NYMEX crude oil closing) crude oil inventories in the United States decreased last week and crude oil prices rose sharply on Thursday

(NYMEX crude oil closing) crude oil inventories in the United States decreased last week and crude oil prices rose sharply on Thursday

September 6, 2013

[China coating information] Abstract: crude oil prices rose rapidly by more than $1 at the beginning of the New York session due to today's EIA data showing that crude oil inventories in the United States decreased last week. Earlier, the European Central Bank (ECB) announced that it would maintain low interest rates unchanged and hinted that there was a possibility of further interest rate cuts in the future. Meanwhile, the US economic data released within the day improved, which boosted the sharp rise of the US dollar, and the original market fluctuated violently. At present, the market is focusing on the US August non farm employment data to be released on Friday, which will provide an important basis for the fed to reduce QE in September. In addition, the progress of the situation in Syria is also the focus of current investors' continuous attention, which is expected to give some support to oil prices. The crude oil market closed higher on Thursday. NYMEX crude oil futures rose $1.14, or 1.06%, to close at $108.37/barrel

trend description on Thursday (September 5):

as today's EIA data showed that U.S. crude oil inventories decreased last week, crude oil prices rose rapidly by more than $1 at the beginning of New York session. Earlier, the European Central Bank (ECB) announced that it would maintain low interest rates unchanged and hinted that there was a possibility of further interest rate cuts in the future. Meanwhile, the US economic data released within the day improved, which boosted the sharp rise of the US dollar, and the original market fluctuated violently. At present, the market is focusing on the US August non farm employment data to be released on Friday, which will provide an important basis for the fed to reduce QE in September. In addition, the progress of the situation in Syria is also the focus of current investors' continuous attention, which is expected to give some support to oil prices. The crude oil market closed higher on Thursday

during the Asian session, crude oil prices were at 107 It fluctuated within a narrow range of $60. During the European period, the crude oil price increased to around $108, and then fluctuated between $107.4 and $10. At the beginning of New York session, crude oil prices rose sharply, breaking the intraday high of $108.49/barrel, and then fell slightly to stabilize near $108.30

NYMEX crude oil futures peaked at US $108.49/barrel and fell to US $107.13/barrel, up US $1.14 or 1.06% to US $108.37/barrel

1. The Institute of Supply Management (ISM) released a report on Thursday that the non manufacturing index of the Institute of supply management in August was 58.6, the highest value since December 2005. This technology is expected to enter the market in 2015. It is estimated to be 55.0 and 56.0 in July

2. According to the data released by the U.S. Department of labor (DOL when cyclic stress is applied to the data) on Thursday, the number of initial claims for unemployment benefits in the week of August 31 in the United States was 323000, which is expected to be 330000. At the same time, the number of initial claims for unemployment benefits in the previous week was revised to 332000, with an initial value of 331000

3. According to data released by the National Energy Information Administration (EIA) on Thursday, crude oil inventories in the United States decreased by 1.84 million barrels to 360.21 million barrels in the week of August 29, with an estimated decrease of 1.3 million barrels. Last week, Cushing crude oil inventories in the United States decreased by 1.83 million barrels to 34.8 million barrels, the lowest level since February 2012

1. The European Central Bank (ECB) announced its interest rate decision for September on Thursday, announcing that it would keep the refinancing rate unchanged at a record low of 0.50%. Meanwhile, the European Central Bank announced to keep the marginal lending rate unchanged at 1.0% and the deposit mechanism interest rate unchanged at 0.00%. Subsequently, at a press conference held by President Mario Draghi, he said that if there were changes in the money market, he would consider cutting interest rates. He also said that Europe's economic recovery is slow, and the recent inflation level is expected to remain low. Affected by this, the US dollar rose sharply

2. The data released by ADP, a data processing company, on Thursday showed that the number of ADP employees in the United States increased by 176000 in August, with an expected increase of 180000. The previous value was revised to increase by 198000, and the initial value increased by 200000

3. South Sudan's foreign minister Barnaba Benjamin said in an interview that the country plans to increase crude oil production to at least 200000 barrels per day in the next two or three weeks. At present, the country's crude oil production is 160000 barrels per day

Bob yawger, head of futures analysis at Mizuho Securities in New York, said, "investors should note that the inventory data released by the EIA is the last time in summer. Due to seasonal reasons, the demand for crude oil in summer is much higher than that in other seasons."

crude oil prices have been rising recently. Giacomo Luciani, a professor at the Graduate Institute University in Geneva, believes that "this is a typical paper market effect". Worried about rising prices, investors buy and prices rise even more. "This basically irrational price change is common and inevitable. The industry has been used to it. Unless they insist for some reason, the price will move in the direction of non fundamental support for a long time," he said

analyst Wang Tao said that the trend of Brent crude oil will fall to the Fibonacci pullback level of $113.69/barrel, while the price of NYMEX crude oil may fall to $105.76/barrel

Germany's trade account after July quarter adjustment

Germany's import and export after July quarter adjustment 

UK industrial output in July 

UK manufacturing output in July 

US August unemployment rate

Canada August unemployment rate

US August non farm payrolls change 

the Bank of Japan in Tokyo released its monthly economic report

Evans, chairman of the Chicago Fed in Greenville, delivered a speech at a summit

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