Stock Market Today

The U.S. Energy Information Administration reported the data of crude oil stocks last week on Thursday, stocks fell more than expected, it indicated that market demand is still strong, then oil prices rose, but there are also detailed analysis appear disappointment mood, when the stock close, oil prices fell from an intraday high to 75.44 U.S. dollars per barrel.
Main force of August crude in the New York Mercantile Exchange closed at 75.44 U.S. dollars a barrel on Thursday, up 1.37 U.S. dollars, or about 1.8%, this is first time that the main crude oil closed at over 75 dollars this week.

U.S. Energy Information Administration report showed that there is a decline of 500 million barrels of U.S. crude stocks last month, it was higher than the drop of market expectations of 350 million barrels, the American Petroleum Institute’s data also showed that stocks will decline more, energy Information Administration report also pointed out that there is a increasing of 130 million barrels last week, while distillate stocks fell 30 million barrels.