Site Search  Search
Study in China Job/Internship Learning Chinese
Study in China more...
· Tsinghua University
· Universities
· A Brief Introduction to Chinese Visa and the Procedure for Visa Application
Job/Internship more...
· Job Opportunities for English Native Speakers
· English teacher
· Lucent interns
· Internship Opportunities
· English teacher
Learning Chinese more...
· A priceless treasure无价之宝
· A swan feather sent from one thousand li away千里送鹅毛
Oil jumps nearly 5% on unexpected big supply drop

Oil prices ended up nearly 5 percent on Wednesday as government report showed U.S. crude inventories dropped sharply.

Oil prices rose immediately after the U.S. Energy Department's Energy Information Administration (EIA) said that crude stockpiles plunged by 8.4 million barrels in the week ending Aug. 14, beating analysts' prediction for a build.

Meanwhile, according to the latest report, gasoline inventories dropped by 2.1 million barrels, also larger than expected.

Further support came as Wall Street moved to positive territory after the release of the inventory data and the dollar continued its falling trend against the euro.

Light, sweet crude for September delivery rose 3.23 dollars, or 4.7 percent, to settle at 72.42 dollars a barrel on the New York Mercantile Exchange.

In London, Brent Crude for October delivery added 2.06 dollars to 74.43 dollars a barrel on the ICE Futures exchange.  


 Source : Xinhua  Editor: Ivy
· Oil price tops $70 a barrel
· Oil steady below $70 on mixed economic data
· Oil plummets on China's sharp equities loss
· Oil touches $75 on spreading economic optimism
· Oil rebounds above $69 as global equities gains
· OPEC weekly oil price hits new record high
· Oil prices drop below 70 dollars
· Gasoline, diesel prices likely to go up again
  在 线 查 词  

Privacy  |  About Us  |  Copyright  |  Advertisement  |  Contact Us