Crude tops 70/bbl on NYMEX

摘要

The August contract for benchmark US light,sweet crudes pushed past 70/bbl June 29 on the NewYork Mercantile Exchange to its highest level in 10 months due to declines in US gasoline and distillate fuel supplies despite an increase in refining capacity.That same contract traded as high as 70.52/bbl June 28 on NYMEX before closing at 69.57/bbl,up 600 for the day.On June 29,it climbed as high as 71.68/bbl in intraday trading before closing at 70.68/bbl.It was the first time a front-month crude contract closed above the psychological 70/bbl mark since August 2006.