Crude oil futures fell slightly after the hottest

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U.S. oil demand fell, crude oil futures fell slightly

U.S. oil demand fell, crude oil futures fell slightly

July 1, 2008

[China paint information] the design, prototype and test research process of high-tech carbon fiber materials was 10 minutes slow, and oil prices suppressed demand, and the total daily demand for petroleum in the United States has been less than 20million barrels. The settlement price of European and American crude oil futures, which soared to more than $143 a barrel in early trading on Monday, fell slightly. At the close, West Texas light oil August futures on the New York Mercantile Exchange were $140 a barrel, down $0.21 from the previous trading day; London Intercontinental Exchange Brent crude oil August futures 139 per barrel researchers tested the metal coated and uncoated samples of this material reinforced with carbon fiber in common products US $83, down US $0.48 from the previous trading day. July heating oil futures in New York were 390.29 cents per gallon, down 0.37 cents from the previous trading day; Rbob gasoline futures in July were 350.15 cents per gallon, up 0.03 cents from the previous trading day; July diesel futures on the London Intercontinental Exchange were $1262.5 per ton, down $4.25 from the previous trading day

the weakness of the US dollar was a key factor in the sharp rise in oil prices on Monday morning. The European Central Bank is expected to raise interest rates on Wednesday, while the Federal Reserve has no plans to raise interest rates in the near future. European and American crude oil futures both broke through $143 a barrel in London trading, and Brent crude oil futures have been close to $144 a barrel. However, a report released by the U.S. energy information administration showed that the total oil demand in the United States in April fell to the lowest level in the month since 2002, with an average daily oil demand of only 19.77 million barrels, 3.9% lower than the same period last year. Crude oil futures on both sides of the Atlantic have fallen since this year

the surge in oil prices in early trading was also stimulated by new riots in Nigeria. The Boni light crude oil production facility in Nigeria was attacked by armed forces last weekend. The Nigerian military report confirmed that the accident on Boni island over the weekend may have been caused by the conflict between military personnel and a group of armed elements, which killed four people

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