Crude oil prices continue to rise following the U.S. stock market

U.S. Energy Department Thursday’s weekly inventory report showed that until July 2nd week, U.S. commercial crude oil inventories decreased 496 million barrels to 3.582 million barrels, the market is expected to reduce 230 million barrels; that week gasoline inventories increased 132 million barrels to 2.194 million barrels, the market is expected to be reduced by 20 million barrels; distillate stocks increased 32.1 million barrels to 1.597 million barrels, the market is expected to increase 140 million barrels. Significantly reduced crude oil stocks also play a role in boosting oil prices .

Around the market yesterday, the Asian fuel oil prices rebounded sharply, Singapore 180CST offer paper goods rose from 15.63 to 440.88 U.S. dollars / ton, 380CST paper goods quotes rose 16.12 to 433.75 U.S. dollars / ton.