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Archive | January 20th, 2010

The price of crude oil fell after yesterday growth

Crude OilThe price of crude oil fell in Asian trade because of fears that lending in China will reduce the pace and because of expectations that stocks will rise in the U.S. for the third consecutive week. Among the reasons for the decrease in cost of raw materials and the growth was the dollar to levels of 1.4196 EUR / USD at 1.4288 EUR / USD yesterday. U.S. light crude for delivery in February fell by 82 cents, or 1 percent to 78.20 dollars a barrel in afternoon trading on Asian trade. Today is the last trading day of the February futures. The more active the March contracts fell by 72 cents, or 0.9 percent to 78.60 dollars per barrel. Yesterday the price of raw materials rose by 1.02 dollars or 1.3 percent to 79 dollars for barel.
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