international oil prices rose slightly
U.S. crude oil futures closed higher on Thursday, ending a six-day decline as bargain hunting took in buying, the number of initial jobless claims decreased, and gasoline futures rose at the end of the day. Although the employment data eased doubts about the economic recovery, analysts pointed out that from a technical point of view, the crude oil market has been oversold in the past week, which triggered the bargain hunting and buying that was completed at the time of the system correction during the Asia Pacific Trading period, which has lasted for many years. U.S. companies showed reassuring signs in the second quarter, which also helped push up oil prices in the morning
the U.S. stock market rose in late trading as investors bought heavily in previously declining technology and commodity stocks, while a brokerage's favorable comments on Goldman Sachs boosted financial stocks. The dollar weakened against most currencies as investors cut back on safe haven buying after data showed that the number of initial jobless claims in the United States fell sharply last week. Gasoline futures closed up nearly 2%, also rebounding from oversold. Crude oil futures in August closed at the lowest level in seven weeks on Wednesday, pressured by the sharp increase in distillate oil inventories and gasoline inventories
the settlement price of crude oil futures in August on the New York Mercantile Futures Exchange (NYMEX) closed up $0.27, or 0.45%, at $60.41 a barrel, with an intraday trading range of $59 $62, the lowest since May 19
August Brent crude oil futures in London closed up $0.67, or 1.11%, at $61.10 a barrel, with an intraday trading range of 59 It is $2.17 from one system to another
nymex August rbob gasoline futures closed up 3.05 cents, or 1.87%, at $1.6638 per gallon, with a trading range between 1 $6791. August heating oil futures closed down 0.35 cents, or 0.23%, at $1.5344 a gallon, at 1 Trading between $5689
the US Department of labor announced on Thursday that the number of initial jobless claims fell to 565000 (estimated at 605000) in the week of July 4, the lowest since the week of January 10, 2009 (535000), and the largest decline since the week of December 27, 2008. Last week, it was revised up from 614000 to 617000. The number of Americans who renewed their jobless claims rose to a record high of 6.883 million (estimated at 6.71 million) in the week of June 27, and the previous week's figure was revised up from 6.702 million to 6.724 million
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