Crude oil prices plunge Monday on poor U.S. home sales data

Monday (July 22) Trend: "
YKzhas failed to hold its earlier gains after poor U.Shome sales data released today suggested that the U.Seconomy is not improving well and could cut demand for crude oilAt the same time, today's poor earnings data from several companies accelerated the decline in crude oil pressureHowever, analysts expect crude inventories to remain low last week, which could help oil prices recover from their losses in the futureThe crude oil market closed lower on MondayYKz
Crude oil prices continued to barrel at between $108 and $108.30 early in the Asian sessionIn The European session, crude oil prices rebounded slightly to around $108.05In New York, crude oil prices fell sharply to $107 before extending their losses and breaking the intraday low of $106.55 a barrelYKz
NYMEX crude futures hit a high of $108.60 a barrel, falling $1.14, or 1.06 percent, to $106.55 a barrelYKz
Fundamentals:YKz .Chicago Fed data released Monday showed the Chicago Fed rose to -0.13 in June from -0.29 in May The average has fallen from -0.37 to -0.26 in the last three months A negative three-month average also means that the economy is growing at a below-historical trend YKz
2.The Group of 20 on Saturday pledged that economic growth should take precedence over austerity, sought to revive the "still too weak" global economy and carefully adjusted stimulus policies to prevent the recovery from derailing by financial market turmoil YKz
Fundamentals: YKz 1.The National Association of Realtors (NAR) reported Monday that total U.S home sales in June were 5.08 million, or an estimated 5.25 million The annualized rate of home sales fell 1.2% in June after the NAR quarter, with an estimated 0.6% increase YKz
"The crude oil market has fallen sharply due to data negative oil prices," said Kyle Cooper, head of commodity research at yKz IAF Advisors, a post-market outlook National income is crucial for crude oil, oil prices are overpriced, and I don't think crude oil prices should be above $100 "The U.S contract will remain the main source of growth for oil prices, with oil only rising as U.S crude oil rises," said Tetsu Emori, a commodity fund manager at YKz Astmax Investments Premiums for both benchmark contracts are expected to remain at a narrow level throughout the year The two contracts will be drawn to each other U.S crude can be as high as $3 a barrel for Brent crude YKz monday (July 22) Trend Description: YKz due to today's poor U.S home sales data, suggesting that the U.S economy is not improving well, may cut demand for crude oil, crude oil prices failed to hold on to the previous gains fell sharply At the same time, today's poor earnings data from several companies accelerated the decline in crude oil pressure However, analysts expect crude inventories to remain low last week, which could help oil prices recover from their losses in the future The crude oil market closed lower on Monday YKz
Crude oil prices continued to barrel at between $108 and $108.30 early in the Asian session In The European session, crude oil prices rebounded slightly to around $108.05 In New York, crude oil prices fell sharply to $107 before extending their losses and breaking the intraday low of $106.55 a barrel YKz
NYMEX crude futures hit a high of $108.60 a barrel, falling $1.14, or 1.06 percent, to $106.55 a barrel YKz
Fundamentals: YKz .Chicago Fed data released Monday showed the Chicago Fed rose to -0.13 in June from -0.29 in May The average has fallen from -0.37 to -0.26 in the last three months A negative three-month average also means that the economy is growing at a below-historical trend YKz
2.The Group of 20 on Saturday pledged that economic growth should take precedence over austerity, sought to revive the "still too weak" global economy and carefully adjusted stimulus policies to prevent the recovery from derailing by financial market turmoil YKz
Fundamentals: YKz 1.The National Association of Realtors (NAR) reported Monday that total U.S home sales in June were 5.08 million, or an estimated 5.25 million The annualized rate of home sales fell 1.2% in June after the NAR quarter, with an estimated 0.6% increase YKz
"The crude oil market has fallen sharply due to data negative oil prices," said Kyle Cooper, head of commodity research at yKz IAF Advisors, a post-market outlook National income is crucial for crude oil, oil prices are overpriced, and I don't think crude oil prices should be above $100 "The U.S contract will remain the main source of growth for oil prices, with oil only rising as U.S crude oil rises," said Tetsu Emori, a commodity fund manager at YKz Astmax Investments Premiums for both benchmark contracts are expected to remain at a narrow level throughout the year The two contracts will be drawn to each other U.S crude can be as high as $3 a barrel for Brent crude "
YKz