Crude oil futures fell Friday low-income nearly 7% this week
Sina YORK, Saturday morning financial news crude oil futures fell slightly Friday, as investors on the global economic recovery, pessimistic about the prospects for crude oil futures were down nearly 7% this week.
the New York Mercantile Exchange, September crude futures fell 35 cents to 75.39 U.S. dollars a barrel, down 0.5%.
September natural gas futures rose 3 cents per million British thermal units of 4.32 U.S. dollars, or 0.7%.
main gasoline contract closed at 1.94 U.S. dollars per gallon, the highest since May 25 has been low.
Strategic Energy & Economic Research said Michael Lynch, president, in early August crude oil futures topped 80 U.S. dollars a barrel, but it is not justified.
Although the government report showed crude oil inventories decreased, but there is still a large number of U.S. crude oil stocks, while energy products and gasoline and distillate inventories increased.
Lynch said, "The current economic outlook is very bleak."
Commerce Department report, U.S. retail sales rose 0.4% in July, slightly lower than economists expected.
Reuters / University of Michigan consumer confidence index in July to 69.6.
dollar track 6 other major currencies, the dollar exchange rate index continued to rise, to bring pressure on oil prices. (Ming Yu)
