International Oil Prices Surged 3% On The 10 Day

2010/9/11 17:33:00 85

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An important oil pipeline in the United States was closed due to oil leakage.

New York Market

International oil prices surged 3% to $76 a barrel on the 10 day.

Enbridge announced on the same day that the company's 6A pipeline had been temporarily closed for liquidation in the Illinois territory.

This news immediately stirred the market, because Canada is the largest oil importer in the United States, and most of Canada's US oil companies will go through the pipeline of Enbridge company, while 6A pipeline is the largest of the three main pipelines of the company, with an average daily pport volume of 670 thousand barrels.

Affected by this news, the New York Market

oil price

The market opened up to a maximum of $76.73 a barrel.

However, the International Energy Agency, 10, warned that the outlook for energy consumption is still fragile, so that oil prices are being curbed.

In the latest monthly forecast released by the International Energy Agency (IEA), the global average daily energy demand increased slightly by 50 thousand barrels this year, but at the same time, energy consumption will drop sharply once the world economy recovers.

The agency also expressed concern about the high oil stocks in developed countries, and believed that the supply of crude oil exceeded the market demand.

Latest energy department

Stock

The report shows that total oil inventories, including all crude oil and fuel oil, have reached the highest level recorded since 1990.

Affected by the above factors, the New York Mercantile Exchange's light crude oil futures in October rose by 2.2 US dollars to close at $76.45 a barrel on the close of that day.

The London market Brent crude oil futures for October delivery rose 69 cents to $78.16 a barrel in Beihai.