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Why do international crude oil prices continue to rise?
Crude oil futures prices rose by 1.6% because protesters in Bahrain, Yemen and Libya clashed with the police. According to Iranian state television, Iran is sending two warships to the Suez Canal. London Brent crude oil futures prices fell from the previous two-year high, as traders turned more funds to buy new york crude oil futures. The New York Mercantile Exchange (NYMEX) light crude oil futures for March delivery rose 1.37 USD to close at 86.36 USD per barrel, with an increase of 1.6%, the highest level since 65438+1October 3 1. In the past year, the price of new york crude oil futures rose by 12%. Brent crude oil futures for April delivery on ICE European Futures Exchange fell 1.0 1 USD to close at 102.77 USD per barrel, with a decrease of1%; It closed at $0/03.78 per barrel yesterday, the highest closing price since September 25th, 2008. Based on today's closing price, the price difference between Brent crude oil futures and new york light crude oil futures in April is 13.93 USD/barrel, which is lower than yesterday's 15.94 USD/barrel. Due to the abundant crude oil inventory in Cushing, Oklahoma, the spread has been widening. The New York Mercantile Exchange light crude oil futures for April delivery rose 1 USD to close at 88.84 USD per barrel, with an increase of 1. 1%. The March agreement will expire on February 22nd. A year ago, Brent crude oil futures price was $65,438+$0.06 lower than new york crude oil futures price. Last year, the average price difference between the two crude oil futures was 76 cents a barrel. According to a report released earlier today by the Energy Information Administration (EIA) under the US Department of Energy, as of the week of February 1 1, US natural gas inventories decreased by 223 billion cubic feet (about 6.3 billion cubic meters), which was lower than analysts' expectations. According to Platts survey, analysts on average expect natural gas inventories to decrease by 235 billion cubic feet (about 6.7 billion cubic meters) to 239 billion cubic feet (about 6.8 billion cubic meters) this week. In other transactions in the New York Mercantile Exchange, natural gas futures for March delivery fell 5 cents to close at $3.87 per million British thermal units, a decrease of 1.4%. The price of gasoline futures for March delivery fell 2 cents to 2.53 US dollars per gallon (about 0.668 US dollars per liter), a decrease of 0.7%.