Crude, Product Prices Make Gains but Rebound May Be Short-Lived

摘要

Traders shrugged off bearish US inventory data Wednesday as oil markets rebounded after six straight days of losses. However, many traders and technical analysts viewed the upswing in prices as a brief correction in a market that remains shaky. Nymex October crude futures rose 89￠ to close at $72.52 per barrel. In London on ICE Futures, October Brent finished at $73.48, up $1.10. Nymex October gasoline contracts jumped 1.45￠ to settle at $1.8639 per gallon. Nymex heating oil ended the day at $1.9706, up 3.49￠.