The hottest return to $70 oil prices rose in New Y

2022-08-16
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Back to $70 Thursday, New York oil prices rose

back to $70 Thursday, New York oil prices rose

June 26, 2009

[China paint information] international oil prices rose on Thursday because shell's oil pipeline in Nigeria was attacked again. At the close of trading on Thursday, the value futures of light crude oil in August spring fatigue testing machine on the New York Mercantile Exchange were $70.23 a barrel, up $1.56 from the previous trading day; August Brent crude oil futures on the London Intercontinental Exchange were $69.78, up $1.45; July heating oil futures in New York rose 3.82 cents to 177.63 cents per gallon; Rbob gasoline futures in July were 189.83 cents per gallon, up 5.58 cents; July diesel futures on the London Intercontinental Exchange were $568.00 per ton, up $3.50 from the previous trading day

Nigerian armed group Niger Delta liberation movement (mend) said on Thursday that it attacked an oil pipeline from shell to Boni oil port. In the past 10 days, the organization has damaged the oil facilities of many local multinational companies at least five times, posing a threat to Nigeria's oil production

Nigerian national oil company closed a refinery in Wali that processes 125000 barrels of crude oil per day on Thursday. According to the company's spokesman L, who detailed the search for relevant information on the site, evi ajuonuma said that according to the plan, the two refineries located in Port Harcourt will also reduce production due to routine maintenance

Tom Bentz, an analyst and broker of BNP Paribas' futures department in New York, said: "the situation in Nigeria may further deteriorate, but because there is a large amount of oil supply at present to make up for the lost production, the security premium in the oil market has fallen a lot compared with previous years."

ExxonMobil shut down a catalytic cracking unit in the Baytown refinery in Texas on Wednesday. Valero and marathon's refinery in Texas City experienced power interruption on Wednesday in the high-frequency fatigue testing machine, a common axially loaded constant amplitude fatigue testing machine. The decline in the operating rate of refineries also supported the prices of crude oil and refined oil products. Panzhihua Iron and Steel Group's vanadium product output accounts for more than 50% of the country

a trade union official said that the shutdown of the gasoline refining equipment of ExxonMobil Baytown refinery was due to the failure of a cooling tower, and the related equipment was also in low load operation. The refinery is the largest refinery in the United States, with a daily crude oil processing capacity of 563000 barrels

Valero's refinery is located along the Houston channel, with a daily crude oil processing capacity of 210000 barrels, while marathon's refinery with power failure has a daily crude oil processing capacity of 81500 barrels

crude oil futures in New York for August delivery on Thursday rose $1.56, or 2.3%, standing above $70 for the first time in nearly a week. The oil price has increased by 57% this year

the decline of the US dollar and the rise of the US stock market are also factors in the rise of oil prices. The euro was at $1.3993 against the dollar on Thursday, up from $1.393 on Wednesday. The Dow Jones index rose 2% to 8465.07; The S & P 500 index rose 1.9% to 918.45

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