Crude oil weekly gain

Crude oil (Oct) sattled at 69.29 $/barrel up $1.27 from week ago.

Supported by

• Weak US dollar: USD reach lowest level since Dec.08 against euro. The USD reduce to $1.4621 per euro in New York and euro gain 4.6% against USD this year.
• China Outlook : Out put China factories raise 12.3% from year ago above estimated at 11.8%. China imported crude oil grew 18% in Aug. to 17.93 million tons.

But have bearish factor for next week is high stock and demand concern.

• Very High stock still pressure on oil price. Last week stock crude oil fell 5.91 million barrels to 337.5 million barrels. Gasoline increase 2.07 million to 270.2 million. Distillate climbed 1.99 million barrels to 165.6 million highest since 1983.