NYMEX crude oil futures 5 thin Asian electronic stakes rise

, the API said that the recent week U.Scrude oil inventories fell and U.Sstocks closed higher overnight, NYMEX crude oil futures 5 Asian electronic market higher, analysts expect the U.SDepartment of Energy will report a 500,000 barrels increase in U.Scrude oil inventories in the near week, July 5 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures rose in Electronic trading in Asia on Friday, as the American Petroleum Institute reported a drop in U.Scrude inventories in recent weeks, while U.Sstocks closed higher on Thursday and the Nasdaq composite index hit a year-highU.Scrude inventories fell 1.52 million barrels in the week ended July 31, gasoline inventories rose 2.09 million barrels and distillate inventories fell 1.04 million barrels, according to a report released Thursday by the American Petroleum InstituteU.Sstocks closed higher on Thursday as financial stocks rose more than expected on the home-building sales index, and the Nasdaq composite index rose 2.7 points, or 0.13 percent, to 2,011.31, its highest close of the year and its highest close since October 1, 2008"The API report seems to provide some support for oil prices, which are mainly driven by sentiment, and whether oil prices are at 2009 highs will depend largely on the ability of the stock market to sustain its ability to move,"analysts saidNymeX September crude futures rose 36 cents to $71.78 a barrel at 11:06 a.
The contract fell 16 cents, or 0.22 percent, to $71.42 a barrelIntercontinental Exchange (ICE) September Brent crude futures rose 47 cents to $74.75 a barrelThe contract rose 73 cents, or 1 percent, to $74.28 a barrel in intraday tradingthe U.SDepartment of Energy will release its weekly energy inventory report later On Friday, and analysts polled expect U.Scrude inventories to increase by 500,000 barrels in the week ended July 31, distillate inventories by 900,000 barrels, gasoline inventories by 1.4 million barrels and refinery starts by 0.4 percent to 84.2 percent, the API said that the recent decline in U.Scrude oil inventories and U.Sstocks overnight higher impact, NYMEX crude oil futures 5 Asian electronic market higher, analysts expect the U.SDepartment of Energy will report a recent week U.Scrude oil inventory increase of 500,000 barrels, July 5 (Xinhua) -- New York Mercantile Exchange (NYMEX) crude oil futures rose in Electronic trading in Asia on Friday, as the American Petroleum Institute reported a drop in U.Scrude inventories in recent weeks, while U.Sstocks closed higher on Thursday and the Nasdaq composite index hit a year-highU.Scrude inventories fell 1.52 million barrels in the week ended July 31, gasoline inventories rose 2.09 million barrels and distillate inventories fell 1.04 million barrels, according to a report released Thursday by the American Petroleum InstituteU.Sstocks closed higher on Thursday as financial stocks rose more than expected on the home-building sales index, and the Nasdaq composite index rose 2.7 points, or 0.13 percent, to 2,011.31, its highest close of the year and its highest close since October 1, 2008 "The API report seems to provide some support for oil prices, which are mainly driven by sentiment, and whether oil prices are at 2009 highs will depend largely on the ability of the stock market to sustain its ability to move," analysts said NymeX September crude futures rose 36 cents to $71.78 a barrel at 11:06 a.
The contract fell 16 cents, or 0.22 percent, to $71.42 a barrel Intercontinental Exchange (ICE) September Brent crude futures rose 47 cents to $74.75 a barrel The contract rose 73 cents, or 1 percent, to $74.28 a barrel in intraday trading the U.S Department of Energy will release its weekly energy inventory report later On Friday, and analysts polled expect U.S crude inventories to increase by 500,000 barrels in the week ended July 31, distillate inventories by 900,000 barrels, gasoline inventories by 1.4 million barrels and refinery starts by 0.4 percent to 84.2 percent (name)