The U.S. government to strengthen sanctions against Iran, last Friday, the international crude oil futures continued to rally, the Brent crude oil for the third consecutive week of gains.
The first Friday closing NYMEX January crude futures closed up $ 1.02 to settle at $ 87.10 / barrel last week, has jumped 3.14 percent. Brent North Sea crude for August contract settled $ 1.33 higher at $ 102.40 / barrel last week, the contract has jumped 4.29 percent for the third consecutive week of gains.
Market participants believe that the news last Thursday, the U.S. government to strengthen sanctions against Iran so that crude oil prices, and confirms the policy of Western countries is affecting Iran's oil output. United States on Thursday to increase pressure on Iran's oil exports, and identified Tehran's main tanker company and dozens of vessels controlled by the Iranian government.
The U.S. Treasury has identified the National Iranian Tanker Company (NITC) and its 58 vessels and 27 affiliates in both countries, which will help to prevent Iran from the use of "front companies" or disguise the vessels to circumvent sanctions.
The U.S. Energy Information Administration (EIA) believes that Iran economic sanctions on the oil market is still unknown, it is difficult to distinguish with the previous sanctions, but the agencies believe that Iran's oil supply and the expected, has been largely in the oil the market price reaction. Currently on the market reaction to moderate, but if not able to restart negotiations with Iran, oil prices upward risks remain.
In the latest one, "Short-Term Energy Outlook, EIA expects 2012 and 2013 the average price of Brent crude at $ 106 / barrel and $ 98 / barrel; average price of WTI crude oil in 2012 and 2013, respectively, in 93 U.S. dollars / barrel and $ 89 / barrel, compared with the previous report of a $ 4 / barrel and $ 9 / barrel, respectively, lowered the average price of WTI crude oil in 2012 and 2013.
The agency said that the European sovereign debt crisis, economic slowdown, both of which may have an impact on other economies.
Accordingly, EIA cut global oil demand, which the average daily demand of 2012 and 2013 the global liquid fuel by 800,000 barrels and 700,000 barrels, down 100,000 barrels and 400,000 barrels respectively, compared with the previous report.
Other News:
America to strengthen sanctions against Iran in international oil prices continu
Japan put on the Sino-Japanese war posture war or imminent
U.S. voters want China to take a tougher trade policy
Downturn in market demand for Australia's fourth largest iron ore Atlas adverse
Merkel asked Greece to comply with the commitment to reform
Economic side can still steel prices is expected to mainly mild correction
How to determine the cause of the malfunction of INA cylindrical roller bearing
FAG bearings running check