Crude oil prices closed lower Tuesday as api and EIA data were released

Tuesday (July 16) Trend Description:XNAoil prices are slightly revised lower today due to the recent rise in crude oil pricesAt the same time, investor sentiment is also cautious as API crude oil inventory data is released later and EIA data will be released tomorrowSeparately, Federal Reserve Chairman Ben Bernanke will give testimony to Congress on Wednesday (July 17) and is expected to give important guidance on future oil price stakesThe crude oil market closed lower on TuesdayXNA
Crude oil prices fell early in The Asian session, finishing between $106 and $106.20 before rebounding slightlyIn The European session, crude oil prices expanded their gains, hitting a intraday high of $107.18 a barrelCrude oil prices retreated sharply from their highs to around $105.70 in New York before stabilising at that positionXNA
NYMEX crude futures hit a high of $107.18 a barrel, falling 0.32 cents, or 0.30 percent, to $105.70 a barrelXNA
Fundamentals:XNA1U.S inflation rebounded in June, higher-than-expected, moving closer to the Federal Reserve's inflation target and showing the Federal Reserve has less concern about cutting quantitative easing, according to data released Tuesday by the U.S Labor Department XNA
U.S industrial output rose 0.3 percent in June, with an expected 0.2 percent increase, according to Federal Reserve data released Tuesday In the second quarter as a whole, industrial output grew at an annual rate of 0.6% in June XNA
Fundamentals: XNA 1 Kansas Fed President Esther George said Tuesday it's time to start scaling back debt purchases and was open to discussions about how to cut the appropriate steps in the Fed's bond-buying program XNA
Future Outlook: XNA Goldman Sachs expects the average Brent and WTI crude oil premiums to be between $8 and $9 per barrel next year WTI crude oil has outperformed Brent for the past two weeks, bringing the premium to WTI crude to a two-and-a-half-year low of $1.32 a barrel on Thursday XNA
"If inventory forecasts are confirmed, we think US futures could break through $108 and hit a new high for the year," said Ryoma Furumi, commodity sales manager at Newedge in Tokyo However, without any other fundamental factors, macroeconomic data conditions affect oil prices "
XNA technical analyst analysis, the oil will be near $109.51 per barrel to build near the top, and U.S crude oil bulls can also look at $109 XNA Tuesday (July 16) Trend Description: XNA , due to the recent rise in crude oil prices, oil prices slightly revised lower today At the same time, investor sentiment is also cautious as API crude oil inventory data is released later and EIA data will be released tomorrow Separately, Federal Reserve Chairman Ben Bernanke will give testimony to Congress on Wednesday (July 17) and is expected to give important guidance on future oil price stakes The crude oil market closed lower on Tuesday XNA
Crude oil prices fell early in The Asian session, finishing between $106 and $106.20 before rebounding slightly In The European session, crude oil prices expanded their gains, hitting a intraday high of $107.18 a barrel Crude oil prices retreated sharply from their highs to around $105.70 in New York before stabilising at that position XNA
NYMEX crude futures hit a high of $107.18 a barrel, falling 0.32 cents, or 0.30 percent, to $105.70 a barrel XNA
Fundamentals: XNA 1 U.S inflation rebounded in June, higher-than-expected, moving closer to the Federal Reserve's inflation target and showing the Federal Reserve has less concern about cutting quantitative easing, according to data released Tuesday by the U.S Labor Department XNA
U.S industrial output rose 0.3 percent in June, with an expected 0.2 percent increase, according to Federal Reserve data released Tuesday In the second quarter as a whole, industrial output grew at an annual rate of 0.6% in June XNA
Fundamentals: XNA 1 Kansas Fed President Esther George said Tuesday it's time to start scaling back debt purchases and was open to discussions about how to cut the appropriate steps in the Fed's bond-buying program XNA
Future Outlook: XNA Goldman Sachs expects the average Brent and WTI crude oil premiums to be between $8 and $9 per barrel next year WTI crude oil has outperformed Brent for the past two weeks, bringing the premium to WTI crude to a two-and-a-half-year low of $1.32 a barrel on Thursday XNA
"If inventory forecasts are confirmed, we think US futures could break through $108 and hit a new high for the year," said Ryoma Furumi, commodity sales manager at Newedge in Tokyo However, without any other fundamental factors, macroeconomic data conditions affect oil prices "
XNA technical analyst analysis, the oil will be near $109.51 per barrel to build near the top, and U.S crude oil bulls can also look at $109 XNA
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