5/28/2011

NYMEX crude oil futures rose as gasoline futures rose before the holiday long weekends

Friday, U.S. crude oil futures once again stand firm, rose slightly, from gasoline futures rose in found support. Gasoline futures in anticipation of rising demand summer driving season, rose.

However, increases in crude oil futures limited, due to the U.S. pending home sales index fell, increasing concerns of economic weakness, so that a falling dollar after crude oil futures gave up most of the increase caused.

Memorial Day holiday weekend opened before the summer driving season, U.S. gasoline futures rose for the sixth trading day.

U.S. April pending home sales fell more than expected, down to the seven-month low, lowering the key of the property market recovery hopes.

NYMEX-CLN1 U.S. July crude oil futures rose $ 0.36, to close at $ 100.59. This week, U.S. crude oil futures rose $ 1.10, or 1.12%.

In London, the July crude oil futures LCOc1 Rand fell $ 0.02, to $ 115.03 a barrel. This week, Brent crude futures rose $ 2.64, or 2.35%.

Thin trading before the holiday, about an hour before the close of U.S. crude oil futures volume was 375,000, lower than the average 42% 30.

New York Mercantile Exchange (NYMEX) closed floor trading on Monday. electronic transactions will be business as usual. London market closed on Monday holidays.
NYMEX-6 Gasoline futures rose 4.37 cents RBM1, or 1.43%, to $ 3.0920 a gallon, this is the highest since May 11 closing. This week, the contract rose 15.62 cents, or 5.3%.

According to the survey, in May average daily crude oil supply, OPEC members expected 2,890 million barrels in April from a revised 287.9 ​​million barrels.

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