U.S. durable goods orders and manufacturing data are good, crude oil prices rose Thursday

Thursday (July 25) Trend:TYxwas boosted by Good Eras on Thursday, as well as a weaker dollar, boosting crude oil pricesIn addition, geopolitical risks in the Middle East, the Egyptian military and the Muslim Brotherhood intensified conflict, bombings and shootings in Iraq killed many people, to provide some support for crude oil pricesHowever, data released by the EIA show that crude oil production remains high is expected to limit future oil price increasesThe crude oil market closed higher ThursdayTYx
Crude oil prices retreated slightly at the start of the Asian session before stabilising at around $104.90In The European session, crude oil prices moved slightly between $104.70 and $105.15 before rising slightly to around $105.50In New York, crude oil prices fell to a intraday low of $104.08 a barrel before gradually rebounding upward sharply, finishing around $105.60TYx
NYMEX crude futures hit a high of $105.87 a barrel, hitting a low of $104.08 a barrel, up $0.46, or 0.43 percent, at $107.65 a barrelTYx
Fundamentals:TYx1U.S durable goods orders rose at a faster-than-expected monthly rate in June, with civilian aircraft sales the main reason for the strong monthly durable goods orders, according to data released Thursday by the U.S Commerce Department U.S durable goods orders rose to 4.2 percent in June, up $99, and are expected to grow 1.3 percent, the data showed TYx
The Kansas Fed reported Thursday that the Kansas Fed's composite manufacturing index was 6 percent in July, -5 in June and -5 at the start TYx
The death toll from Thursday's bombings and shootings in Iraq reached 28 TYx
Fundamentals: TYx 1 U.S crude oil production rose 0.9 percent to 7.56 million bpd, the highest level in 22 years, according to data released Wednesday by the U.S Energy Information Administration (EIA) TYx
Future outlook: "There is no shortage of fuel futures at the moment, and the global economic recovery is still some time off," said Ken Hasegawa, commodity sales manager at tYx Japan, After the spread between the priceof crude oil in the US and Europe, there was no reason for further gains in the US contract, and technical trends suggested the range had overbought "Despite the significant increase in U.S crude oil production, I don't think crude oil prices have bottomed out and will not fall further," said Thina Saltvedt, an analyst at TYx Nordea Bank AG TYx Thursday (July 25) Trend: TYx were boosted by good U.S durable goods orders and manufacturing data released on Thursday, while the u.S dollar fell across the board, boosting crude oil prices slightly In addition, geopolitical risks in the Middle East, the Egyptian military and the Muslim Brotherhood intensified conflict, bombings and shootings in Iraq killed many people, to provide some support for crude oil prices However, data released by the EIA show that crude oil production remains high is expected to limit future oil price increases The crude oil market closed higher Thursday TYx
Crude oil prices retreated slightly at the start of the Asian session before stabilising at around $104.90 In The European session, crude oil prices moved slightly between $104.70 and $105.15 before rising slightly to around $105.50 In New York, crude oil prices fell to a intraday low of $104.08 a barrel before gradually rebounding upward sharply, finishing around $105.60 TYx
NYMEX crude futures hit a high of $105.87 a barrel, hitting a low of $104.08 a barrel, up $0.46, or 0.43 percent, at $107.65 a barrel TYx
Fundamentals: TYx 1 U.S durable goods orders rose at a faster-than-expected monthly rate in June, with civilian aircraft sales the main reason for the strong monthly durable goods orders, according to data released Thursday by the U.S Commerce Department U.S durable goods orders rose to 4.2 percent in June, up $99, and are expected to grow 1.3 percent, the data showed TYx
The Kansas Fed reported Thursday that the Kansas Fed's composite manufacturing index was 6 percent in July, -5 in June and -5 at the start TYx
The death toll from Thursday's bombings and shootings in Iraq reached 28 TYx
Fundamentals: TYx 1 U.S crude oil production rose 0.9 percent to 7.56 million bpd, the highest level in 22 years, according to data released Wednesday by the U.S Energy Information Administration (EIA) TYx
Future outlook: "There is no shortage of fuel futures at the moment, and the global economic recovery is still some time off," said Ken Hasegawa, commodity sales manager at tYx Japan, After the spread between the priceof crude oil in the US and Europe, there was no reason for further gains in the US contract, and technical trends suggested the range had overbought "Despite the significant increase in U.S crude oil production, I don't think crude oil prices have bottomed out and will not fall further," said Thina Saltvedt, an analyst at TYx Nordea Bank AG "
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