The hottest NYMEX crude oil futures closed up to 2

NYMEX crude oil futures closed at a 29 month high on the 7th

[Shihua financial news] as the Libyan conflict still showed no sign of ending, NYMEX crude oil futures closed at a 29 month high of $105.44 a barrel on the 7th, while ice Brent crude oil futures fell 0.8% to $115.04 a barrel

according to the comprehensive media on March 7, the settlement price of crude oil futures on the New York Mercantile Exchange (NYMEX) closed higher on the 7th, as the armed conflict around Libya's key oil facilities was still going on, and the oil market was ready for the long-term failure of Libya's oil production to recover

the settlement price of April crude oil futures contract on the New York Mercantile Exchange rose by $1.02 to the highest settlement level of $105.44 a barrel since September 26, 2008, an increase of 1%. However, during the ice Brent crude oil period, many people believed that the purchase of relatively low-carbon goods contracts showed the opposite trend. The contract fell $0.93, with the software design of the lower computer taking into account the real-time and accuracy of control, to $115.04 a barrel, down 0.8%

given that the Libyan conflict still shows no sign of ending in the short term, market participants are preparing for the long-term interruption of Libyan oil supply. The International Energy Agency (IEA) predicts that the Libyan conflict has reduced the daily supply of crude oil in the market by up to 1million barrels

however, despite the reduction of Libyan oil production, major developed countries still have sufficient oil stocks, and they can also choose to use strategic reserves to ease price pressure. Over the weekend, Obama hinted that he was considering using 725million barrels of emergency reserves in the United States to ease the rising pressure on futures prices

in addition, Western officials are still discussing the possibility of military intervention in Libya. U.S. President Barack Obama said that the North Atlantic Treaty Organization (NATO) would hold a meeting in Brussels to discuss a possible military plan

Stephen Schork, author of the Schork report, said that if the parties concerned take favorable military intervention to speed up the end of the conflict in Libya, it may lead to a sharp correction in oil prices. Schork said there was a premium of $per barrel for crude oil futures. He also pointed out that sooner or later, there will be a correction in oil prices. He also attributed the fall in ice Brent crude oil futures price to the possible increase in production capacity of the organization of the Petroleum Exporting Countries (OPEC). At the same time, the Libyan conflict may offset the impact of the US government's weekly oil inventory report. The report is scheduled to be released at 10:30 a.m. EST on the 9th. Analysts expect the report to show that U.S. crude oil inventories increased by 400000 barrels in the latest week. In addition, the American Petroleum Institute will also release its inventory survey report on August 8

the settlement price of rbob gasoline futures contract in April fell 4.25 cents, or 1.4%, to $3.0039 per gallon. The settlement price of April heating oil futures contract fell 2.36 cents, or 0.8%, to $3.0657 per gallon

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