The price of crude oil remains near the level of 79 dollars a barrel during electronic trading today in Asia in anticipation of the latest data for this year the Ministry of Energy in the United States. Economists expect that stocks of crude oil, the largest economy in the world fell for the fourth consecutive week in the seven days to December 23rd. Estimates are for a decrease in U.S. oil reserves of 1,85 million barrels once during the previous week, they fell more than expected by 4,9 million barrels. U.S. light crude for delivery in February, slightly more expensive by 0.3 percent to 79.08 dollars per barrel in today’s times of electronic trading on the New York oil exchange. Crude Oil futures ended Tuesday’s session in a price increase of 10 cents to 78.87 dollars per barrel. This is their highest price level since mid-November date. For the past five trading sessions oil has risen by nearly 9 percent, and the beginning of this year the price of energy raw materials has risen by 77 per cent. Within the past decade it has increased threefold, according to Bloomberg. Appreciation of the dollar in December, however, act as a brake on growth in the oil price.
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