久久久91精品国产一区二区三区|亚洲中文无码卡通动漫|国产AV国片精品无套内谢无码|国产99久久久国产精品电影|

The Annual Equipment of Pipeline and Oil &Gas Storage and Transportation Event
logo

The 26thBeijing International Exhibition on Equipment of Pipeline and Oil & Gas Storage and Transportation

ufi

BEIJING, China

March 26-28,2026

LOCATION :Home> News> Industry News

Oil Rises on Upbeat Economic Data, Tightening Supplies

Pubdate:2012-08-16 14:38 Source:lijing Click:

Crude prices rose on Tuesday as U. S. retail sales and Germany's GDP data beat expectations, while oil supplies tended to tighten further on geopolitical tension and production declines in the North Sea.

Crude prices climbed after the Commerce Department reported that U.S. retail sales increased for the first time in four months by 0.8 percent in July, beating market's estimation.

And a separate report showed, although Germany's gross domestic product growth rate slowed to 0.3 percent in the second quarter, still beating expectations. Meanwhile, French GDP was unchanged in the quarter, better than the 0.1-percent contraction economists had predicted.

Besides the better-than-expected data, the market sentiment seemed to be upbeat on hopes for more stimulus plans both from the United States and China.

Investors were waiting for Federal Reserve Chairman Ben Bernanke's speech in Jackson Hole on August 31, hoping for QE3 that could boost the sluggish economy.

China was also expected to act in response to a string of economic slowdown signs. Investors thought that the new stimulus measures might raise demand for energy.

On the supplies side, the continuing Middle East tension and already declined production in North Sea caused by heavy maintenance on key producing fields kept weighing and offered supports.

"U.S. crude stocks declined strongly and largely due to a drop Alaskan production," said Harry Tchilinguirian, an oil analyst at BNP Paribas.

Light, sweet crude for September delivery added 70 cents, or 0. 75 percent, to settle 93.43 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for September delivery inched up and last traded around 114 dollars a barrel.

漾濞| 成武县| 华蓥市| 丽水市| 阳新县| 信宜市| 攀枝花市| 达孜县| 渝中区| 衡南县| 清河县| 类乌齐县| 沙洋县| 万全县| 泸西县| 黄平县| 松桃| 上高县| 临桂县| 潞西市| 金秀| 淮阳县| 临澧县| 饶平县| 富宁县| 苗栗县| 托里县| 称多县| 满洲里市| 长治县| 同心县| 融水| 威远县| 磐安县| 兴隆县| 深圳市| 华池县| 清丰县| 庆城县| 行唐县| 石城县|