Saudi Arabia’s crude oil exports in May fell by 552,000 barrels per day month-on-month, reaching 3.434 million barrels per day.

Short-term trading advice for US crude oil: trade within the range, sell on rallies, buy on dips.

Spot gold short-term trading advice: trending upward, buy on dips

According to China National Petroleum Corporation, the Changqing Oilfield eastern basin natural gas evaluation project team has recently successfully completed drilling an ultra-long horizontal deep coalbed methane well in the eastern Ordos Basin. The horizontal section of the well extends 3,100 meters, with a coal seam encounter rate as high as 95.8%, setting a new national record for the longest horizontal section in deep coalbed methane drilling.

The main Nymex US crude oil futures contract has just surpassed the $83.00 per barrel mark, now quoted at $83.02 per barrel, up 0.75% on the day.