Oil prices in May hit a single month or 10-year high
May 29 at the end of the transaction, the international oil price benchmark – the New York Mercantile Exchange for delivery in July the price of light crude oil futures closed at 66.31 U.S. dollars a barrel, the fifth consecutive trading days up. So far, international oil prices in May were up nearly 30 percent, a record since 1999, a single month or a new high.
Over the same period, runs through May has always been the “domestic refined oil prices will soon increase,” the high expectations, as the Dragon Boat Festival open area before the National Development and Reform Commission said that “the recent rise in oil prices will not, I hope we reduced the expected increase of oil prices, over – a happy Dragon Boat Festival “and temporary relief.
On the 29th for the New York Mercantile Exchange oil in May last trading day, in the end of the trading day, the New York Mercantile Exchange for delivery in July the price of light crude oil futures rose 1.23 U.S. dollars to close at 66.31 U.S. dollars a barrel. Intercontinental Exchange in London Brent crude futures rose 1.13 U.S. dollars to close at 65.52 U.S. dollars a barrel.
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