International crude oil closed up 03 on Christmas

2022-08-18
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International crude oil closed up 0.3% on Christmas Eve

in the early morning of December 25, Beijing time, on Tuesday, in the last trading day before the Christmas holiday, crude oil prices did not respond significantly to the relatively positive durable goods order data. Market participants waited for the latest official U.S. crude oil inventory data to be released after the holiday. The quotation of main crude oil contracts rose slightly to close at $99.22 a barrel in the on-site trading

the main crude oil contract in February 2014 on the New York Mercantile Exchange rose 31 cents on Tuesday to strengthen the processing capacity of experimental data and information, and closed at $99.22 per barrel, an increase of 0.3%. The contract fell 0.4% in the 6th and frame lubrication on Monday. Traders' profit leaving before the holiday was considered to be a major reason for the price decline. The internal structure of the experimental machine was analyzed. U.S. financial markets will stop trading on Wednesday because of the Christmas holiday and resume trading on Thursday

the American Petroleum Association, an industry organization, will release weekly crude oil inventory data later on Tuesday, but the official data of the energy information administration of the U.S. Department of energy, which is more concerned by the market, will be delayed until Thursday due to the Christmas holiday on Wednesday. According to the market survey, analysts on average expect that the U.S. Commodity crude oil inventory will decrease by 2.3 million barrels in the week ending December 20, which will also be the fourth consecutive weekly decrease in U.S. crude oil supply

some analysts pointed out that the continuous shortage of Libyan production and the decline of commodity crude oil inventories will be an important reason to support crude oil prices in the short term. Timothy Evans, energy strategist in the futures Department of Citigroup, pointed out in the report that we continue to notice that the current production level in Libya has more upward risks than downward risks. He also expected that U.S. crude oil inventories would continue to decline in the next few weeks, starting with a reduction in inventories of 3 to 4 million barrels in the week of December 20

in terms of economic data, the Ministry of Commerce reported that orders for durable goods increased by 3.5% in November, much better than the average expectation of economists who increased by 2%; In November, the sales volume of new single family residential houses increased by 2.1% month on month, with an annualized index of 464000 buildings, slightly better than the analyst Ping of 440000 buildings, and it is expected that fast and effective processes such as tight molding and injection molding can be used to convert them into final parts

the February contract of London Brent crude oil on the Intercontinental Exchange, the European benchmark contract, rose 31 cents to $111.87 a barrel, or 0.3%

in terms of other energy products, the January gasoline contract rose 3 cents on Tuesday to close at $2.81 per gallon; The January distillate fuel oil contract rose nearly 2 cents over the same period to close at $3.08 per gallon

the January natural gas contract fell 4 cents on Tuesday to close at $4.42 per million British thermal units

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