Crude oil prices closed higher on Monday as Libyan crude exports were disrupted

Summary: As a result of today's massive protests in Libya, the country again closed two major oil export terminals, and the situation is likely to deteriorate further, crude oil prices have been supported to reduce before the decline, and hit a daily high of $106.46 per barrelCrude oil briefly slipped to a japanese low as some investors opted to make a temporary profitToday, however, the market news is generally lightInvestors are waiting for a series of U.Seconomic data to be released in the coming days, expecting guidance on the Fed's qE cuts, which are expected to have some impact on oil pricesThe crude oil market closed higher on MondayNYMEX crude futures rose $0.14, or 0.13 percent, to $106.11 a barrel4hC
Monday (August 12) trend description:4hCdue to today's massive protests in Libya, the country again closed two major oil export terminals, and the situation is likely to deteriorate further, crude oil prices have been supported to reduce before the decline, and hit a daily high of $106.46 per barrelCrude oil briefly slipped to a japanese low as some investors opted to make a temporary profitToday, however, the market news is generally lightInvestors are waiting for a series of U.Seconomic data to be released in the coming days, expecting guidance on the Fed's qE cuts, which are expected to have some impact on oil pricesThe crude oil market closed higher on Monday4hC
Crude oil prices initially retreated slightly in early Asian trading before rebounding to close to $106.30 In The European session, crude oil prices fell slightly to around $105.30 In New York, crude oil prices rebounded quickly from the bottom and hit a intraday high of $106.46 a barrel before narrowing between $105.90 and $106.20 4hC
NYMEX crude futures hit a high of $106.46 a barrel, hitting as low as $105.03 a barrel, up $0.14, or 0.13 percent, at $106.11 a barrel 4hC
Fundamentals: 4hC 1 Major crude oil export centers in southern Iran are about to face repairs, which will cut production by about 500,000 bpd in September 4hC
Libya announced on Monday that it would close two major crude oil export terminals as labor protests flared up again, causing the country to suffer its worst disruption since the 2011 civil war 4hC
Fundamentals: 4hC 1.U.U Wholesale inventories fell 0.2 percent in June, with an expected 0.4 percent increase, while U.S wholesale sales rose 0.4 percent in June and are expected to grow 0.7 percent 4hC
Future outlook: "Early on, investors focused on the upcoming US economic data," said Ric Spooner, chief market analyst at CMC Markets, 4hC Several key data will be released this week to determine whether the Fed will scale back its QE next month Personally, I think the Fed is likely to scale back its QE in September "We still expect crude oil prices to continue to rise as the summer always drives demand for crude oil higher," Morgan Stanley, the 4hC , said on Monday However, supply disruptions on the Libyan side could affect crude oil prices in the third quarter Crude oil prices are expected to exceed $110 a barrel in the future 4hC Summary: As a result of today's massive protests in Libya, the country again closed two major oil export terminals, and the situation is likely to deteriorate further, crude oil prices received support to reduce before the decline, and hit a daily high of $106.46 per barrel Crude oil briefly slipped to a japanese low as some investors opted to make a temporary profit Today, however, the market news is generally light Investors are waiting for a series of U.S economic data to be released in the coming days, expecting guidance on the Fed's qE cuts, which are expected to have some impact on oil prices The crude oil market closed higher on Monday NYMEX crude futures rose $0.14, or 0.13 percent, to $106.11 a barrel 4hC
Monday (August 12) trend description: 4hC due to today's massive protests in Libya, the country again closed two major oil export terminals, and the situation is likely to deteriorate further, crude oil prices have been supported to reduce before the decline, and hit a daily high of $106.46 per barrel Crude oil briefly slipped to a japanese low as some investors opted to make a temporary profit Today, however, the market news is generally light Investors are waiting for a series of U.S economic data to be released in the coming days, expecting guidance on the Fed's qE cuts, which are expected to have some impact on oil prices The crude oil market closed higher on Monday 4hC
Crude oil prices initially retreated slightly in early Asian trading before rebounding to close to $106.30 In The European session, crude oil prices fell slightly to around $105.30 In New York, crude oil prices rebounded quickly from the bottom and hit a intraday high of $106.46 a barrel before narrowing between $105.90 and $106.20 4hC
NYMEX crude futures hit a high of $106.46 a barrel, hitting as low as $105.03 a barrel, up $0.14, or 0.13 percent, at $106.11 a barrel 4hC
Fundamentals: 4hC 1 Major crude oil export centers in southern Iran are about to face repairs, which will cut production by about 500,000 bpd in September 4hC
Libya announced on Monday that it would close two major crude oil export terminals as labor protests flared up again, causing the country to suffer its worst disruption since the 2011 civil war 4hC
Fundamentals: 4hC 1.U.U Wholesale inventories fell 0.2 percent in June, with an expected 0.4 percent increase, while U.S wholesale sales rose 0.4 percent in June and are expected to grow 0.7 percent 4hC
Future outlook: "Early on, investors focused on the upcoming US economic data," said Ric Spooner, chief market analyst at CMC Markets, 4hC Several key data will be released this week to determine whether the Fed will scale back its QE next month Personally, I think the Fed is likely to scale back its QE in September "We still expect crude oil prices to continue to rise as the summer always drives demand for crude oil higher," Morgan Stanley, the 4hC , said on Monday However, supply disruptions on the Libyan side could affect crude oil prices in the third quarter Crude oil prices are expected to exceed $110 a barrel in the future "
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