Home > News > Pay close attention to the situation in Syria, and crude oil futures rose like a rainbow

Pay close attention to the situation in Syria, and crude oil futures rose like a rainbow

wallpapers News 2020-07-09

On Wednesday, August 28, concerns about supply reduction due to deteriorating situation in Syria masked the negative effect of a large increase in crude oil inventories, while the rise in international crude oil futures prices remained unchanged.

October crude oil, the main contract on the New York Mercantile Exchange, rose $1.

09, or 1.

00%, to $110.

1 a barrel.

October Brent crude oil on the Intercontinental Exchange in London rose $2.

25, or 1.

97%, to $116.

61 a barrel.

On the 28th, the western countries led by the United States are still considering a possible military attack on the Syrian government.

The eyes of international oil market investors are still focused on the concerns that the deterioration of the situation in Syria will lead to the interruption of oil supply in the Middle East, crude oil futures prices have continued to rise.

Meanwhile, the chairman of Libya's national oil company said on August 27 that the country's crude oil production had dropped to less than 200000 barrels / day, the lowest level since 2011, as a result of armed protests.

Meanwhile, the country's two oilfields, elfee elephant, were forced to close on the 27th.

However, data released by the U.S. Energy Administration on August 28 showed that commercial crude oil inventories increased by 2.

99 million barrels to 362.

5 million barrels in the week ending August 23, an estimated increase of 200000 barrels.

Meanwhile, US crude oil production last week was 7.

61 million barrels / day, the highest level since October 1989.

The National Association of Realtors (NAR) released a report that the monthly rate of contracted sales of completed homes fell 1.

3% to 109.

5 after the quarterly adjustment of NAR in July, which is expected to decline by 0.5%. Although the U.S. commercial crude oil rose sharply the housing data was poor, it had little impact on the international crude oil market.

In terms of other energy products, the September gasoline contract rose 6 cents to US $3.

095 per gallon, or 2%.

the September distillate fuel oil contract rose nearly 5 cents to US $3.

21 per gallon, or 1.5%. the main natural gas contract rose 3 cents in September to close at US $3.

57 per million British thermal units, or 0.9%.


TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary. (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals Nanomaterials. The nitride powder produced by our company has high purity, fine particle size impurity content. Please contact us if necessary.
TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.
Say something
  • All comments(0)
    No comment yet. Please say something!