NYMEX crude futures closed higher on April 22, boosted by U.S. gains

NYMEX crude futures closed higher on Monday, with Brent crude futures rising above $100 a barrel for the first time in a week as buyers entered the market after last week's market sell-off and were boosted by gains in U.Sstocks7zX
NYMEX May crude futures contract closed up 75 cents, or 0.85 percent, at $88.76 a barrel at 13:30 AED T on April 22The contract expires after the close of trading todayThe more active NYMEX June crude futures contract closed up 92 cents, or 1 percent, at $89.19 a barrel7zX
ICE June Brent crude futures rose 74 cents, or 0.74 percent, to close at $100.39 a barrelIt was the first time since April 15 that the contract had closed above $100 a barrel7zX
Crude oil futures rose as traders made short-handed gains after last week's sell-off amid concerns about weak global demand for crude7zX
Andy Lipow, president of Lipow Oil Associates, a consultancy, said: "There has been a lot of pressure on the crude oil market in recent weeks and I think we're going to see some lows coming into the market next." "
7zX signs of weak global oil demand have been dragging down oil prices after the Organization of the Petroleum Exporting Countries (OPEC), the International Energy Agency (IEA) and the U.S Energy Information Corporation (EIA) cut their forecasts for global oil demand growth Several Wall Street analysts have also cut their oil price forecasts because of weak demand 7zX
　　NYMEX crude futures are down 9.4 percent from their peak at the end of January 7zX
　　Although crude oil futures closed higher today, they recovered some of their intraday gains However, oil prices may still need additional clues before falling further, some analysts said Andy Lipow noted that continued increases in overall oil demand and stimulus measures by the world's major central banks will support prices 7zX
　　The Dow Jones industrial average rose 0.2 percent to 14,575 7zX
　　Analysts said any OPEC production cuts could push oil prices higher again But the UAE's oil minister hinted on Monday that supply and demand in the oil market were now in balance 7zX
　　The May RBOB contract closed down 0.3 cents, or 0.1 percent, at $2.7694 a gallon 7zX
　　The May heating oil contract closed up 2.18 cents, or 0.8 percent, at $2.8094 a gallon 7zX
NYMEX crude futures closed higher on Monday, with Brent crude futures rising above $100 a barrel for the first time in a week as buyers entered the market after last week's market sell-off and were boosted by gains in U.S stocks 7zX
　　NYMEX May crude futures contract closed up 75 cents, or 0.85 percent, at $88.76 a barrel at 13:30 AED T on April 22 The contract expires after the close of trading today The more active NYMEX June crude futures contract closed up 92 cents, or 1 percent, at $89.19 a barrel 7zX
　　ICE June Brent crude futures rose 74 cents, or 0.74 percent, to close at $100.39 a barrel It was the first time since April 15 that the contract had closed above $100 a barrel 7zX
　　Crude oil futures rose as traders made short-handed gains after last week's sell-off amid concerns about weak global demand for crude 7zX
　　Andy Lipow, president of Lipow Oil Associates, a consultancy, said: "There has been a lot of pressure on the crude oil market in recent weeks and I think we're going to see some lows coming into the market next." "
7zX signs of weak global oil demand have been dragging down oil prices after the Organization of the Petroleum Exporting Countries (OPEC), the International Energy Agency (IEA) and the U.S Energy Information Corporation (EIA) cut their forecasts for global oil demand growth Several Wall Street analysts have also cut their oil price forecasts because of weak demand 7zX
　　NYMEX crude futures are down 9.4 percent from their peak at the end of January 7zX
　　Although crude oil futures closed higher today, they recovered some of their intraday gains However, oil prices may still need additional clues before falling further, some analysts said Andy Lipow noted that continued increases in overall oil demand and stimulus measures by the world's major central banks will support prices 7zX
　　The Dow Jones industrial average rose 0.2 percent to 14,575 7zX
　　Analysts said any OPEC production cuts could push oil prices higher again But the UAE's oil minister hinted on Monday that supply and demand in the oil market were now in balance 7zX
　　The May RBOB contract closed down 0.3 cents, or 0.1 percent, at $2.7694 a gallon 7zX
　　The May heating oil contract closed up 2.18 cents, or 0.8 percent, at $2.8094 a gallon 7zX