www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News Urgent: U.S. Senate panel confirms Hayden as CIA chief    Urgent: 11 killed in Shiite mosque blast in Baghdad    URGENT: China raises processed oil prices    Urgent: Jordan arrests al-Qaida suspect    Urgent: At least five killed in car bombing in eastern Baghdad    Urgent: Car bomb rocks Baghdad, casualties caused    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
Oil prices surge above 71 dollars on eve of energy stocks report
www.chinaview.cn 2006-05-24 05:28:24

    NEW YORK, May 23 (Xinhua) -- World crude oil prices surged above 71 dollars Tuesday amid concerns over an active hurricanes season, on the eve of U.S. weekly energy stocks report.

    New York's main contract, light sweet crude for delivery in July, rose 1.80 dollars to close at 71.76 dollars a barrel.

    In London, Brent North Sea crude for July delivery added 1.65 dollars to 71.00 dollars a barrel.

    U.S. National Weather Service said Monday the six-month Atlantic hurricane season, which starts in June and end in November, is "very active", although is unlikely to reach the records set last year, when there were 28 tropical storms, 15 of which strengthened into hurricanes.

    "It is statistically within reason to assume that two to four hurricanes could affect the United States," said Vice Admiral Conrad Lautenbacher, who heads the Administrator of the National Oceanographic Administration.

    The Energy Department will update the inventory statistics Wednesday morning.

    Traders are still concerned about Iran's nuclear standoff with the international community.

    Iran's Foreign Minister Manouchehr Mottaki expressed hope Tuesday that Europe's latest proposal aimed to resolve the standoff over Iran's nuclear program would be comprehensive and balanced. Enditem

Editor: Luan Shanglin
  Related Story  
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.