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On February 12 (Wednesday), although the US crude oil inventories increased more than expected, OPEC revised demand expectations and China's imports reached a new high, and international crude oil futures prices rose simultaneously.

On the New York Mercantile Exchange's main contract, crude oil rose $0.43 in March to close at $100.37 a barrel, or 0.43%. Intercontinental Exchange London Brent crude oil contract rose 0.11 US dollars to close at 108.79 US dollars per barrel, an increase of 0.10%.

On the 12th, the US Energy Agency released poor oil inventory data, which puts pressure on crude oil futures prices. Among them, the US Department of Energy released data showing that as of February 7th, US commercial crude oil inventories increased by 3.3 million barrels to 3.56135 billion barrels, an increase of 2.7 million barrels; gasoline inventories decreased by 1.9 million barrels to 233.1 million barrels. It is expected to reduce 100,000 barrels; the stock of distillate will fall by 731,000 barrels to 1.1306 billion barrels, which is estimated to be 2.3 million barrels. However, the US Department of Energy released data also showed that crude oil futures delivery of Cushing crude oil stocks decreased by 2.6 million barrels last week, which brought some support to New York crude oil futures prices.

On the same day, data released by China Customs showed that China imported 28.15 million tons of crude oil in January, up 11.9% year-on-year, and refreshed the record of single-month crude oil imports, thus boosting the price trend of crude oil futures.

At the same time, OPEC announced the oil market report this month. In the report, OPEC expects global oil demand in 2014 to increase by 1.09 million barrels, which is about 40,000 barrels per day higher than the previous estimate, and indicates that there is still room for growth in demand. Supported by this optimistic report, crude oil futures prices have risen further.

In other energy products, the March gasoline contract rose 1 cent to close at 2.76 US dollars per gallon, or 0.4%; the March distillate fuel oil contract fell nearly 2 cents to close at 3.01 US dollars per gallon, a decrease of 0.5%. March natural gas prices are almost flat at $4.82 per million British thermal units