Demand outlook is clear, NYMEX crude oil closed higher on May 8

Germany's industrial output in April was much higher than expected, another sign that the country's economy has recovered strongly from a first-quarter slumpAt the same time, the European Central Bank is also moderate on inflation, the outlook for crude oil demand is clear, oil prices climbNYMEX May crude futures rose $1.00, or 1.05 percent, to $96.62 a barrelMDN
Wednesday (May 8) Trend:MDNGermany's industrial output in April was much higher than expected, another sign that the German economy has recovered strongly from the first quarter of the recessionAt the same time, the European Central Bank is also moderate on inflation, the outlook for crude oil demand is clear, oil prices climbMDN
The daily K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow lineCrude oil prices held steady in Asia and EuropeU.Ssessions rebounded and were levelhighMDN
NYMEX May crude futures hit a high of $96.77 a barrel, hitting a low of $95.41 a barrel, up $1.00, or 1.05 percent, at $96.62 a barrelMDN
Fundamentals:MDN1Joerg Asmussen, executive director of the European Central Bank, said on Wednesday there was no need to worry about eurozone inflation at this stageMDN
Germany's industrial output in April was much higher than expected, according to data released wednesday by the country's economy ministryAnd this is yet another proof that the German economy has recovered strongly from a recession in the first quarterGermany's quarterly industrial output rose 1.2 percent in April and is expected to fall 0.1 percent, the data showed the second consecutive monthly month-on-month increaseConstruction output fell 3.1 per centMDN
Retail sales unexpectedly fell sharply in April, according to figures released by the British Retail Consortium (BRC) on Wednesday, although the underlying trend appears to be improving, as Easter is earlier than usualSame-store retail sales fell 2.2 per cent in April, the biggest drop in a year, after the market expected a 1.8 per cent rise, the data showedMDN
Fundamentals:MDN1The U.S Mortgage Bankers Association (MBA) reported a significant increase in mortgage applications last week, with refinancing applications dominating The data showed the seasonally adjusted U.S mortgage application index rose 7 to 945.5 for the week ended May 3 The index covers refinancing and home purchase needs MDN
Technical surface pattern analysis: MDN -day K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down MDN
Future Outlook: MDN Mitsubishi Corp Tony Nunan, risk control manager, said: "Oil prices are expected to continue to fluctuate in the near term, market fundamentals are not good, but geopolitical conditions support prices." China's fuel demand has continued to grow, but the expansion of emerging markets has been offset by weaker demand in developed western countries "
MDN Germany's industrial output in April was much higher than expected, another sign that the German economy has recovered strongly from a recession in the first quarter At the same time, the European Central Bank is also moderate on inflation, the outlook for crude oil demand is clear, oil prices climb NYMEX May crude futures rose $1.00, or 1.05 percent, to $96.62 a barrel MDN
Wednesday (May 8) Trend: MDN Germany's industrial output in April was much higher than expected, another sign that the German economy has recovered strongly from the first quarter of the recession At the same time, the European Central Bank is also moderate on inflation, the outlook for crude oil demand is clear, oil prices climb MDN
The daily K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Crude oil prices held steady in Asia and Europe U.S sessions rebounded and were levelhigh MDN
NYMEX May crude futures hit a high of $96.77 a barrel, hitting a low of $95.41 a barrel, up $1.00, or 1.05 percent, at $96.62 a barrel MDN
Fundamentals: MDN 1 Joerg Asmussen, executive director of the European Central Bank, said on Wednesday there was no need to worry about eurozone inflation at this stage MDN
Germany's industrial output in April was much higher than expected, according to data released wednesday by the country's economy ministry And this is yet another proof that the German economy has recovered strongly from a recession in the first quarter Germany's quarterly industrial output rose 1.2 percent in April and is expected to fall 0.1 percent, the data showed the second consecutive monthly month-on-month increase Construction output fell 3.1 per cent MDN
Retail sales unexpectedly fell sharply in April, according to figures released by the British Retail Consortium (BRC) on Wednesday, although the underlying trend appears to be improving, as Easter is earlier than usual Same-store retail sales fell 2.2 per cent in April, the biggest drop in a year, after the market expected a 1.8 per cent rise, the data showed MDN
Fundamentals: MDN 1 The U.S Mortgage Bankers Association (MBA) reported a significant increase in mortgage applications last week, with refinancing applications dominating The data showed the seasonally adjusted U.S mortgage application index rose 7 to 945.5 for the week ended May 3 The index covers refinancing and home purchase needs MDN
Technical surface pattern analysis: MDN -day K-line chart shows that NYMEX Crude oil futures closed at the small yang line with the lower shadow line Oil prices are below the 5-average, macD indicator red kinetic column expands, KDJ indicator is down MDN
Future Outlook: MDN Mitsubishi Corp Tony Nunan, risk control manager, said: "Oil prices are expected to continue to fluctuate in the near term, market fundamentals are not good, but geopolitical conditions support prices." China's fuel demand has continued to grow, but the expansion of emerging markets has been offset by weaker demand in developed western countries "
MDN