U.S. Gasoline Inventories Unexpectedly Rose

Due to an unexpected increase in U.S. gasoline inventories, international crude oil futures prices fell sharply on the 3rd.

On the same day, the price of light crude oil futures for June delivery on the New York Mercantile Exchange fell by $2.33 to close at $72.28 per barrel. North Sea Brent crude oil futures for June delivery fell $1.99 to settle at $72.65 a barrel on the International Petroleum Exchange in London.

Heating oil futures for June delivery on the New York Mercantile Exchange fell 7.56 cents to close at $2.0032 per gallon; gasoline futures for June delivery fell 8.94 cents to close at $2.0857 per gallon; Natural gas futures fell 14 cents to settle at $6.606 per 1,000 cubic feet.

Weekly oil inventory data released by the U.S. Department of Energy on the 3rd showed that U.S. gasoline inventories rose by 2.1 million barrels last week to 202.7 million barrels, ending eight consecutive weeks of decline. At the same time, this data also exceeded market expectations. .

The meeting held by representatives of six countries including China, the United States, the United Kingdom, France, Russia and Germany on the 2nd failed to reach an agreement on the Iranian nuclear issue. Therefore, the market is still worried about the prospects of resolving the Iranian nuclear issue.