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U.S. distillate oil inventories rose, international oil prices fell

U.S. distillate oil inventories rose, international oil prices fell

may 15, 2008

[China paint information] international oil prices fell on Wednesday because distillate oil inventories rose higher than expected. At the close of Wednesday, light crude oil June futures on the New York Mercantile Exchange were $124.22 a barrel, down $1.58 from the previous trading day; June Brent crude oil futures on the London Intercontinental Exchange were $121.86, down $2.24; June futures of heating oil in New York fell 8.11 cents to 361.78 cents per gallon; Rbob gasoline futures in June were 318.04 cents per gallon, down 1.96 cents; June diesel futures on the London Intercontinental Exchange were $1195.75 per ton, down $7.75 from the previous trading day

according to the report of the U.S. Department of energy, last week, Meirun mainly gave full play to the low cost advantage of raw materials transported by water and rail, and its oil separation inventory increased by 1.34 million barrels to 170.1 million barrels. Previously, analysts predicted an increase of 1million barrels. The CEO of AGC aerocomposites said that the "cofusion" project is a huge opportunity for our company to seek technological progress in composites. Last week, the overall potential oil demand in the United States was 20.3 million barrels per day, down 2.7% from the same period last year; US oil demand in the past four weeks was 20.5 million barrels per day, down 0.3% from the same period last year

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