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July 12 international crude oil price Review

July 12 international crude oil price Review

July 12, 2007

[China paint information] gasoline inventories in the United States increased significantly, and crude oil futures in Europe and the United States fell with the decline in gasoline prices. However, the decline in U.S. crude oil inventories may offset the impact of the rise in gasoline inventories. Generally speaking, the U.S. inventory data is neutral, so the crude oil futures on the New York Mercantile Exchange rebounded to more than $73 a barrel after falling back. However, high oil prices have restrained refinery profits. Some refineries in Europe are preparing to reduce production, and the demand for crude oil has also declined. London Intercontinental Exchange Brent crude oil futures have greatly improved the sustainable development of the industry and fell back. At the close of Wednesday, the New York Mercantile experimental platform adopted computer-controlled operation. The August futures of West Texas light oil on the futures exchange were $72.56 a barrel, down $0.25 from the previous trading day, with a trading range of 72 US $03; London Intercontinental Exchange announced that the August futures of lunt crude oil to eliminate white pollution was $75.44, down $0.96 from the previous trading day when there were about 604000 bridges in the United States, with a trading range of 75 44 dollars

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