The crude oil routed traffic and was last night reported a decline of nearly a percentage. The main reason is shrinking optimism that the change in the exchange rate of China will help restore the global economy. During yesterday’s trading session in New York oil contract with delivery in July rose 0.8 percent to 77.82 dollar per barrel. At night, however raw material lost nearly a percent to 77.07 dollars a barrel. The deadline for July futures trading ends today, which makes the contracts with delivery in August, more actively traded. Tonight, they fell by 0,9 percent to 77.89 dollars per barrel. Downward movement in oil prices due to the limitation of optimism on stock markets. Moreover, the American bank Goldman Sachs released a new forecast of the development in the oil market, which is set at a lower price of raw material to previous expectations. The new bank is expected over the next three months to price reached 87 dollars per barrel, with whole 9.4 percent below the previous forecast of 94 dollars per barrel. Exchange in London yesterday by Brent oil with delivery in August rose 0.8 percent to 78.82 dollars a barrel.
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