Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping




Home >> Business
UPDATED: 10:26, July 03, 2007
Crude prices settle above 71 dollars
font size    

Crude prices rose above 71 U.S. dollars a barrel on Monday after profit-taking in the early trading.

Crude prices declined below 70 dollars a barrel Monday morning as investors locked profit after last week's rally.

However, the prices rebounded on concern about gasoline supplies and demand for crude as the United States is entering peak summer driving season between the July 4 and Labor Day holidays.

Light, sweet crude for August delivery rose 42 cents to 71.10 dollars a barrel on the New York Mercantile Exchange.

August Brent crude futures rose 1.09 dollars to 72.50 dollars a barrel on the ICE Futures exchange in London.

Crude prices rose above 70 dollars a barrel for the first time in 10 months on Friday on reports of two unexploded bombs in London.

Last week, Energy Department's Energy Information Administration reported that gasoline inventories dropped 700,000 barrels in the week ended June 22.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this



"Olympic Games in My Heart" English Contest

   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
Manufacturers, Exporters, Wholesalers - Global trade starts here.

Dic

Versions:
Copyright by People's Daily Online, all rights reserved