International oil prices on May 12 within a narrow range, closing up slightly. By the US commercial crude oil inventories fell sharply boosted last week, the international oil prices in the past two trading days rebounded more than 4%. 12, due to market concerns about US crude oil production continued to increase, the international oil prices rose weak.
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According to the Xinhua News Agency reported on May 13, US oilfield technology services company Baker Hughes released the same day data show that this week the US operating oil field drilling for 17 consecutive weeks rose, indicating that the US shale oil manufacturers continued to increase production.
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As of the close of the 12th, the New York Mercantile Exchange in June delivery of light crude oil futures rose $ 0.01 to close at $ 47.84 a barrel, or less than 0.01%. July delivery of London Brent crude oil futures rose $ 0.07 to close at $ 50.84 a barrel, or 0.1%
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