NYMEX crude oil futures continued to rise in electronic trading, approaching $105 a barrel
U.S. crude oil futures rose to nearly $105 a barrel in electronic trading on Thursday, as the organization of Petroleum Exporting Countries (OPEC) decided to maintain output levels unchanged, and data released by the U.S. government showed an unexpected reduction in crude oil inventories in the recent week, which supported oil prices
the New York Mercantile Futures Exchange (NYMEX) contract in April rose $0.26 to $104.78 a barrel on the Globex electronic trading system On Wednesday, it closed higher by $5 in the New York market, hitting a record high of $104.95 during the session, breaking the previous high hit on Monday. Consult the Jinan test salesperson at $103.95
OPEC's decision to maintain output unchanged pushed crude oil higher on Wednesday In addition, the use of Venezuela's new materials on the skeleton, nerira deployed armed forces on the border with neighboring Colombia on Wednesday, raising concerns about the situation in the region, which also provided oil price supportthe American Energy Information Association (EIA) announced that U.S. crude oil inventories fell by 3.1 million barrels in the latest week, far from the increase of 2.4 million barrels expected by analysts
the dollar returned to its decline on Wednesday and fell to a record low against the euro, which also boosted the rise of NYMEX crude oil
Analysts said that due to the continued weakness of the dollar, speculative funds are expected to continue to push up commodity prices, including oil However, some profit selling is expected to emerge during the risenote: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its view that the use function of the measurement and control system and experimental software or confirm the authenticity of its content
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