New York oil price high 1.1%, 59.65 dollars

"MarketWatch New York May 19," Beijing time May 20 early morning, the New York market, the main crude oil futures contract higher than 1%, a short time breakthrough 60 U.S. dollars/barrel. The rise in oil prices today stems from market expectations that inventories of crude oil will fall by the quarter last week.　　However, the real estate data released this morning were poor, and the price of oil was limited. Wednesday US Eastern Time 10 o'clock in the morning the U.S. Energy Information Agency (EIA) will issue weekly energy inventory reports.　　Analysts on the Platts survey, an energy information provider, expected that last week's crude inventories would fall by 1.5 million barrels a quarter. As of Tuesday East 2:30 (Beijing time Wednesday 2:30 A.M.), the New York Mercantile Exchange's June crude oil contract rose 62 cents to $59.65, or 1.1%. The maximum value of the June contract was $60.48, at a minimum of $58.55.　　The $60.48 trillion hit a new high in the latest contract price since mid-November last year. After the April new housing construction figures were released, the price of oil rose markedly. In April, the volume of new housing construction decreased by 12.8% compared with March, with an annual value of 458,000 after the quarterly adjustment, which was significantly lower than the expected 519,000 of economists surveyed by MarketWatch.　　458,000 has set a record low of 1959 years of relevant statistics since its inception. The Dow Jones News Line reported that the fire in the refinery at Marcus Hook, Pennsylvania, was extinguished in Monday, when the fire was triggered by an explosion in late Sunday, Sunoco said. The capacity utilization of the plant before the fire was 85%.　　Sunoco has increased the output of another two refineries to cover losses. In the Wednesday EIA report, in the week ending May 8, the US stocks of crude oil, excluding strategic reserves, fell by the quarter, the first quarter-on-quarter decline in crude oil inventories in the past 10 weeks, but this was mainly due to a decrease in U.S. oil imports.　　In the previous weeks, crude stocks had remained near the highest point in 19 years.　　Linda Rafield, a senior oil analyst at Platts, said the EIA report is expected to release news of a rebound in oil imports, "but the rebound is not enough to prevent a further fall in oil inventories," Radfield. Analysts are now widely expected to use about 83.7% per cent of the U.S. refining industry last week, more than 80.4% of the previous week.　　In addition, they estimate that petrol inventories will fall by 1.7 million barrels and distillate inventories will increase by 1.3 million barrels. In other energy futures in the New York market, new formula gasoline contracts rose 1.89 cents to $1.777/gallon in June, up 1.1% per cent, and June heating oil contracts rose 0.68 cents to $1.4825/gallon, or 0.5%. In addition, the gas contract fell 17.9 cents in June to $3.96/mbtu (million UK thermal units), down 4.3%.