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Sina Finance YORK, Wednesday morning news crude oil (72.44,0.52,0.72%), low-income futures Tuesday to restore the recent downtrend. Crude oil futures fell 8.9% in August, since May for the first down month since.
New York Mercantile Exchange, October crude futures fell 3.7%, closing at 71.92 U.S. dollars a barrel, oil prices began to accelerate in late fall.
Intraday stock prices strong even with the switch up. Afternoon, the Fed released minutes of the previous monetary policy meeting is also to reduce the price of oil declines. The Fed minutes showed that Fed officials are still considering a number of economic deterioration in the implementation of further measures to promote economic development.
Traders that the government data released on Wednesday will show an increase in crude inventories last week. American Petroleum Institute will be 4:30 p.m. today, Eastern crude oil inventory report released last week.
Analysts surveyed by Platts expect the week ended Aug. 27 will increase by 190 million barrels of crude, gasoline stocks down 100 million barrels, distillate stocks increased by 100 million barrels.
High crude oil inventories has been to pressure.
Index of consumer confidence crude oil futures rebounded from session lows. U.S. Conference Board said the consumer confidence index in August from an upwardly revised July 51 had risen to 53.5.
Tags: crude oil, Crude oil futures, Finance, Mercantile Exchange, YORK
