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Archive | June 23rd, 2010

Crude oil price decreasing again

Crude oil extractThe session futures exchanges has brought a decline in the price of key raw materials. With reductions are reported oil, gold and silver, as it gave rise to mainly disappointing data on the U.S. housing market. Oil with delivery in August fell 1.9 percent to 76.35 dollars a barrel yesterday. To contribute to this reduced estimate of the Federal Reserve for the development of American economy, which was announced together with the decision of maintaining historically low interest rates in the country. This morning quotes lost another 5 cents to 72.30 dollars a barrel. Yesterday in London, Brent crude oil from the delivery in August lost 2.3 percent to 76.27 dollars a barrel earlier this morning, a raw material lost another 4 cents to 76.23 dollars a barrel. During the exchange session in New York yesterday was reporting a fall in gold price with delivery in August by 0.5 percent to 234.80 dollars an ounce. Depreciation of the metal came because the appreciation of the dollar before Fed decision, submit the Market Watch. Much more serious was the decline in the price of silver, which lost 44 cents, or 2.3 percent, to 18.45 dollars an ounce. According to analysts, the retreat of raw materials due to the sharp decline in sales of homes in the U.S.. The reason for it is the end of the government program to assist buyers, which obviously reduced the strong interest in purchasing a home.
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