International oil prices rush to $80

international oil prices rose to $72.49 in Asian trading yesterday after a record three-day record on the back of a seventh straight week of declines in U.Sgasoline inventories and a summer oil spike, while Brent June oil surged to $74.35 in Asian tradingA senior U.Senergy analyst believes international oil prices will hit $80 over the next four to eight weeksIn addition, gold and silver, buoyed by higher oil prices, hit new highsU.Sgasoline inventoriesfellOn Wednesday, the U.SDepartment of Energy released last week's commercial crude oil reserves, with stocks of crude oil, gasoline and distillate all decliningAmong them, gasoline inventories fell by 5.4 million barrels to 202.5 million barrels, the seventh consecutive week of decline, a much larger decline than expected, and a decrease of 46%。 Analysts had estimated that gasoline stocks fell by 2.5 million barrels last weekCrude oil stocks fell 800,000 barrels to 345.2 million barrels, while distillate stocks, including heating fuel, fell 2.8 million barrels to 114.6 million barrels, light crude futures for May delivery rose 82 cents to 7217, the highest closing price of the crude oil futures on the New York Mercantile Exchange, hitting an intraday high of 72The price of Brent crude for June delivery on the London International Petroleum Exchange was at an all-time high of $40, up 122, closing at $73 $73, the highest closing price for the group of crude oil futures on the London International Petroleum Exchange yesterday, affected by a seventh straight week of declines in U.S gasoline inventories, as the summer oil spike and the Iranian nuclear crisis continued, New York oil for May delivery hit a new record high of $72.49 in Asian trading, while Brent June oil hit a record high of $74.35 in London oil prices will rush to $80
and Andy Weissman, a senior energy analyst at FTI, said international oil prices will rush to $80 in the next four to eight weeks Factors driving oil prices include a seven-week decline in U.S gasoline inventories, the failure to produce 340,000 barrels per day on the U.S coast of Mexico as a result of Hurricane Katrina, the current overhaul of U.S refineries and the frequent failures of some refiners, the iranian nuclear issue, the sensitive nerves of the international oil market, the 25 percent drop in oil exports from Nigeria and the continued strong global demand for oil , according to Mr Weissman, the price of Brent crude oil in Europe is more representative than that of the New York oil price, which accounts for two-thirds of global crude oil trading and the remaining third of new York oil, which is usually about $1 lower than the Price of the New York term and is now $1 more than the New York term, which would make it easier to go up to $80 if the price is used gold and silver prices hit another record high
analysts believe that many investors turned to gold and silver, which have been hedged, as concerns about record high oil prices, bringing the already-high gold and silver to a new record high, with international gold rising to a 25-year high on Wednesday and silver breaking through $14 an ounce Gold futures for June delivery rose 12.
an ounce on the New York Mercantile Exchange 70 to close at $636, having risen as high as 637 $40 Spot gold rose 12 $60, closing at $632 $60 The price of gold is now at its highest level since late 1980 , silver futures for May delivery jumped 73 7 cents to close at 14 $522, at one point at 14 $575 It was the first time since 1983 that silver had crossed the $14-an-ounce mark international oil prices rose to $72.49 in Asian trading yesterday after a record three-day record in Asia, while Brent June oil surged to $74.35 after a seventh straight week of declines in U.S gasoline inventories and a summer oil spike, fueled by iran and Nigeria A senior U.S energy analyst believes international oil prices will hit $80 over the next four to eight weeks In addition, gold and silver, buoyed by higher oil prices, hit new highs U.S gasoline inventories fell 　　On Wednesday, the U.S Department of Energy released last week's commercial crude oil reserves, with stocks of crude oil, gasoline and distillate all declining Among them, gasoline inventories fell by 5.4 million barrels to 202.5 million barrels, the seventh consecutive week of decline, a much larger decline than expected, and a decrease of 4 6%。 Analysts had estimated that gasoline stocks fell by 2.5 million barrels last week Crude oil stocks fell 800,000 barrels to 345.2 million barrels, while distillate stocks, including heating fuel, fell 2.8 million barrels to 114.6 million barrels , light crude futures for May delivery rose 82 cents to 72 17, the highest closing price of the crude oil futures on the New York Mercantile Exchange, hitting an intraday high of 72 The price of Brent crude for June delivery on the London International Petroleum Exchange was at an all-time high of $40, up 1 22, closing at $73 $73, the highest closing price for the group of crude oil futures on the London International Petroleum Exchange yesterday, affected by a seventh straight week of declines in U.S gasoline inventories, as the summer oil spike and the Iranian nuclear crisis continued, New York oil for May delivery hit a new record high of $72.49 in Asian trading, while Brent June oil hit a record high of $74.35 in London oil prices will rush to $80
and Andy Weissman, a senior energy analyst at FTI, said international oil prices will rush to $80 in the next four to eight weeks Factors driving oil prices include a seven-week decline in U.S gasoline inventories, the failure to produce 340,000 barrels per day on the U.S coast of Mexico as a result of Hurricane Katrina, the current overhaul of U.S refineries and the frequent failures of some refiners, the iranian nuclear issue, the sensitive nerves of the international oil market, the 25 percent drop in oil exports from Nigeria and the continued strong global demand for oil , according to Mr Weissman, the price of Brent crude oil in Europe is more representative than that of the New York oil price, which accounts for two-thirds of global crude oil trading and the remaining third of new York oil, which is usually about $1 lower than the Price of the New York term and is now $1 more than the New York term, which would make it easier to go up to $80 if the price is used gold and silver prices hit another record high
analysts believe that many investors turned to gold and silver, which have been hedged, as concerns about record high oil prices, bringing the already-high gold and silver to a new record high, with international gold rising to a 25-year high on Wednesday and silver breaking through $14 an ounce Gold futures for June delivery rose 12.
an ounce on the New York Mercantile Exchange 70 to close at $636, having risen as high as 637 $40 Spot gold rose 12 $60, closing at $632 $60 The price of gold is now at its highest level since late 1980 , silver futures for May delivery jumped 73 7 cents to close at 14 $522, at one point at 14 $575 It was the first time since 1983 that silver had crossed the $14-an-ounce mark (name)