July 5 New York oil prices hit a record high of $ 75.19As traders worried about the DPRK's missile test international situation may lead to the emergence of new factors of instability, coupled with rising gasoline demand in the U.S. market to promote the New York market, oil prices hit $ 75.19 a barrel, the highest closing price in the 5th.
The same day, the New York Mercantile Exchange, light sweet crude for August delivery rose $ 1.26 a barrel to close at $ 75.19 a barrel, the highest closing price since the launch of the product in 1983, intraday record 75 .40 $ highest trading price. On April 21 this year, due to the continued tension in the Iranian nuclear crisis as well as tight supplies of U.S. gasoline, the New York Mercantile Exchange, light sweet crude for June delivery was a record $ 75.17 a barrel, the highest closing price and 75.35 The historical highest trading price of the dollar.
In addition, the day of the New York Mercantile Exchange, heating oil futures for July delivery per gallon, up 3.4 cents to settle at $ 2.0626; gasoline futures prices for July delivery rose 5.7 cents per gallon to close at $ 2.2758. The price of natural gas futures for August delivery closed at (1 cubic meter or about 35 cubic feet) of $ 5.765 per 1,000 cubic feet, down 33.69 cents.
South Korea, Japan, the United States and other countries, said North Korea the same day to the Sea of Japan has test-fired a number of missiles, which may include the Taepodong 2 long-range ballistic missile, and respond. UN Security Council meeting on the morning of the 5th, emergency consultations on the issue of North Korean missile tests. Wang Guangya, China's Permanent Representative to the United Nations during the consultations before the reporter of Xinhua News Agency said the Security Council will take action depending on the result of collective consultation of the Member States. But ended at 6:00 p.m. on the 5th Beijing, North Korea's official is not the issue of missile tests confirmed not to comment on the reports.
In addition, the market for the Organization of the Petroleum Exporting Countries (OPEC) second largest oil exporter, the prospects for the nuclear issue of Iran is still expressed concern about the U.S. Gulf of Mexico is an important water transport channel transport disruption caused by the oil spill accident, these factors exacerbated the market concerns.