The hottest NYMEX crude oil futures surged more th

2022-09-22
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NYMEX crude oil futures surged more than $6 on signs of OPEC production cuts and a weaker dollar New York, November 4 (Reuters) - U.S. crude oil futures closed higher than $6 on Tuesday as signs showed that the organization of Petroleum Exporting Countries (OPEC) cut production and implemented its recent decision

the weakening dollar and the completion of some major landmark projects are in good condition. The strengthening stock market also boosted crude oil futures, offsetting concerns about demand

gasoline and heating oil futures rose, rebounding from Monday's sharp decline

nymex December crude oil futures clz8 closed up $6.62, or 10.36%, at $70.53, with an intraday trading range of 62 77 dollars

London Brent December crude oil futures lcoz8 closed up $5.96, or 9.85%, at $66.44, with a trading range of 58 76 dollars

rbob gasoline futures rbz8 in December closed up 17.02 cents, or 12.49 percent, at $1.5327, with a daily low of $1.3215, the lowest since rbob began trading in October 2005, and a daily high of $1.58

December heating oil futures hoz8 closed up 17.88 cents, or 9.02%, at $2.1616 per gallon, with an intraday trading range of 1 $2113

U.S. stocks rose on the polling day of the U.S. presidential election, and investors bought hit stocks amid further signs of credit easing

the dollar index recorded its biggest one-day decline in 13 years, and investors bet that the global interest rate cut will boost economic growth

an industry source revealed on Tuesday that Saudi Arabia has significantly reduced its crude oil supply to some customers The source estimated that Saudi Arabia has reduced its daily export of crude oil by about 900000 barrels from its peak in August Saudi Arabia official Shell did not comment publicly

according to a preliminary survey of analysts on Monday, U.S. crude and distillate inventories are expected to increase and gasoline inventories to decrease last week

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