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The international crude oil prices rose on Wednesday ahead of the release of American house to start in January.
April delivery benchmark crude oil futures prices 30 cents to $97.40 a barrel, in the evening time Bangkok on the New York mercantile exchange electronic trading. On Wednesday, march contract due date. Rose 80 cents at $96.66 a barrel on the New York mercantile exchange on Tuesday.
Later in the day, the us department of commerce will release a new home construction for months, and 1 month, the real estate industry and economy important indicators. Last December, builders broke ground houses and apartments, the seasonally adjusted annualized rate for 954000. This is 12.1%, higher than the rate in November.
On Tuesday, according to a report of the house builders confidence down, manufacturers are still worried about the us economy and unemployment rising risk consistence.
In Germany, investor confidence survey is optimistic on Tuesday, but traders are focusing on a weekend Italian parliamentary elections possible results. Traders worry, leadership change could damage the European financial crisis to end.
Calyon bank in Hong Kong in the market analysts wrote in a commentary survey ", it is still possible to bruise confidence, so we cautious become too excited."
Brent crude oil, used in many kinds of international oil prices, rose 7 cents, to $117.59 a barrel on the ICE futures exchange in London.
In the New York mercantile exchange other energy futures trading:
- heating oil futures rose 0.9 cents to $3.191 a gallon.
- gasoline wholesale almost $3.316 a gallon unchanged.
- gas up 1.7 cents at $3.289 per 1000 cubic feet.