The crude oil price movements performed in a narrow range at the start of the weekly trade. Quotes will fluctuate within a band of about half a percentage point upward and downward direction to close from Friday. The main reason for the vague direction indicating expectations for data on the labor market to go at the weekend. Have had an impact projections for the upcoming summer season in the U.S., which is generally associated with higher consumption of the raw material. The light sweet crude for delivery in July, cheaper by 0.5 percent to 100.06 dollars a barrel in electronic trading hours of the Exchange in New York today. Earlier quotations moved with an increase of about 0.3 per cent.
Last week, the raw material added 1.1 per cent, thereby increasing appreciation of the beginning of the year to 36 per cent. The traded in London Brent oil got even cheaper by 0.3 percent to 114.70 dollars per barrel. Last week Brent raise its price by 2.4 per cent.

The crude oil prices reached their highest level in two weeks on the stock exchange in New York. This gave rise to the official data of U.S. government oil stocks in the U.S., which showed a drop of diesel and heating oil. In the last weeks fuels imports of distillates fell by 2.04 million barrels to 141.1 million barrels. This is the lowest level since April 2009. At the same time demand for fuel grew by 2.2 per cent, figures show.
“People are optimistic about recovery, while economic data are not encouraging,” said Jonathan Barat of Commodity Broking Services. “The fact that oil is not sampled below 95 dollars is key,” he explains. Yesterday in New York oil contracts for delivery in July rose 1.7 percent to 99.94 dollars per barrel, the highest closing since 10 May. The night progressed quotes by 0,2 percent to 101.50 dollars per barrel. This is happening against the backdrop of the new retreat of the dollar. Tonight Dollar Index, which tracks performance of the greenback against six major currencies, lost 0.5 percent to 75.54 points. The Exchange in London yesterday by Brent oil price increase with 2.1 per cent to 114.93 dollars per barrel. At night, the price of black gold of this variety increased by a further 0.15 percent to 115.08 dollars per barrel.

The price of crude oil on international markets has increased significantly yesterday because their forecasts for growth in 2011-2012 as a whole. At night, however, quotes lost items, losing almost all won yesterday. The price of the July futures for Brent on London exchange ISE ended yesterday’s session with a growth of 2.43 dollars to 112.53 dollars per barrel. This morning, the raw material lost 1.2 percent to 111.18 dollars per barrel. The New York Stock Exchange NYMEH price of the July futures for U.S. light crude rose 1.89 dollars to 99.59 dollars per barrel. At night, however, quotations fell 1.3 percent to 98.28 dollars per barrel. Goldman Sachs raised its outlook for oil prices in 2011-2012, explaining that fell spare capacity of OPEC against the backdrop of shrinking supply of Libyan oil to world markets. According to the current estimates at the end of 2011, Brent oil will cost about $ 120 a barrel in 2012 and may gain up to $ 140 a barrel. The reason for the fall in oil prices overnight gave evidence of an increase in stocks of gasoline in the U.S.. According to the American Petroleum Institute are increased by 2.44 million barrels last week, while demand has shrunk by 1,5 per cent. Today we expect official figures on oil stocks in the U.S. last week, to be published by the energy ministry.

The crude oil prices began the new week with a fall, as the primary role of this are the appreciation of the dollar on Friday and warning Barack Obama that the country’s economy is again threatened by recession. Today the dollar retreat against euro minimum positions against the scandal around the head of the International Monetary Fund Dominique Strauss-Kahn, who was arrested with charges of sexual harassment in New York, told Reuters. On Friday, however, U.S. currency rose above the rate approaching 1,40 EUR / USD. The increase in the dollar generally leads to less interest in investing in commodities. Although minimal, the retreat of the dollar today came after a warning by U.S. President Barack Obama that the country is threatened with even more severe recession than that already experienced. Such a scenario as it is completely believable given that not be voted increase in the ceiling to which the U.S. government may take on new debt. At present, this ceiling is 14.3 trillion. dollar and analysts say it will be reached soon. During the night of the platform for electronic exchange trading in New York the price of light crude lost 1.3 percent to 98.34 dollars per barrel. Traded in London Brent even cheaper by 0.7 percent to 113.04 dollars per barrel. For the last week, the lightest crude for delivery in June rose 2.5 percent. Brent did raise its price by 4.3 per cent.

The boom in commodity prices might seem a recent phenomenon, but it started even before the 115 months in 2001, said Michael Darda, chief economist and chief market strategist at MKM Partners. This time frame is worth to be noted, because of technology and the housing boom continued approximately as – respectively 114 and 113 months, indicating Darda. The most observers believe that this time when raw materials will be different. You could be, but the mantra “this time is different” often did cost a lot”, he said. This week seems to boom died down after commodity prices fell due to fears of slowing global economy and reduce demand for gasoline. On Wednesday, the U.S. light crude lost 5.5 percent and futures on silver – 7,7%. The crude oil prices fell slightly on Friday, which some market participants attributed to the dollar appreciated. Over the past 115 months the falling dollar does not reflect the proportion of commodity prices, Darda says, pointing out that from its peak in 2001 the dollar has lost 40%, while raw materials have jumped by 240% over the period. The dominant factor in commodity prices has been demand from China, says the economist. He said commodities are currently lower because of increased requirements for reserves to Chinese banks, which reduced the growth of money supply in the country and increase risks.
Another factor, according Darda is the contraction of the balance of the European Central Bank.

The crude oil futures ended Tuesday trading above 103 dollars in a second consecutive session of growth. While gasoline futures rose more than 3 percent amid concerns of potential business disruptions due to refinery flooding caused by the Mississippi River. The crude oil for June delivery rose 1.33 dollars or 1.3 percent, to 103.88 dollars a barrel on the stock exchange New York Mercantile Exchange. The price of gasoline for June delivery rose 10 cents, or 3.1 percent, to 3.38 dollars per gallon. For two sessions the price record growth of over 9%.
“The market is recovering from correction in the late last week and intraday volatility will remain high, ” said Jason Schenker, president of Prestige Economics LLC. Futures on gold and silver also registered increases Tuesday. The gold for June delivery rose 13.70 dollars, or 0.9 percent, to 1,516.90 dollars an ounce on the Comex platform of the New York Mercantile Exchange. The silver futures for delivery in July rose 1.37 dollars or 3.7 percent, to 38.47 dollars per ounce.

The traders of raw materials are in a state of panic sales. After the yesterday’s sharp falls, with most commodity followed by stabilization. This morning, however, sales once again gaining strength. The price of oil contracts for June delivery lost 4.6 percent to 95.24 dollars per barrel. This decline comes after sinking more than 8 percent yesterday, when oil has made the worst day of April 20th, 2009 onwards. Because of the huge sales Exchange operator CME increased levels of variation within a single session. They are already twice as large and oil futures are allowed movement within plus or minus $ 20 from the previous close. The Stock Exchange of London Brent oil lost 4.3 percent to 106.02 dollars per barrel. The silver is moving at a decline of 4.2 per cent today, as current price is 3474.50 dollars an ounce. This is exactly 30% below the record price of 49.8450 dollars per ounce recorded late last week. Auctions gradually transfer and agricultural products. Chicago Stock Exchange price of corn for delivery in July fell by 2.2 percent to 6.93 dollars per bushel. Wheat does lost 1.6 percent to 7.42 dollars per bushel. All this is happening against the backdrop of a deepening downturn in the euro exchange rate, which today gave a 0.16 per cent to 1,4510 EUR / USD. This is nearly 3 percent below the peak of 1.4939 dollars per euro reached a week ago.

The price of crude oil recorded its longest negative series for the last eight weeks, losing positions for the fourth consecutive day. The basis of downward movement are fears that the U.S. economic growth will slow in coming months. On the New York Stock Exchange yesterday, oil contracts for June delivery fell 1.6 percent to 109.24 dollars per barrel. This is the lowest close since 19 April, and at night quotes gave a further 0.4 percent to 108.79 dollars per barrel. A concern yesterday became the data for the slow pace of job creation in the private sector of the U.S. in April, and delayed growth in the services sector. This causes concern that will entail a slower rate of growth of the economy as a whole. Moreover, the official government data showed that consumption of petrol has reached its lowest point last month. This has contributed to the sharpest increase in oil stocks in the U.S. since November. This morning barrel Brent crude traded price of 121.04 dollars.

The crude oil prices ended the last session in April to increase, contributing for the eighth consecutive monthly increase. This is a record achievement for black gold since the launch of futures trading on oil in 1983. Yesterday, the crude oil with June delivery rose with 87 cents to 113.73 dollars a barrel on the New York Stock Exchange. Thus, the raw material rose by nearly 6.8 per cent in April. On London Stock Exchange yesterday the price of Brent oil rose 87 cents to 125.89 dollars per barrel. Among the reasons for the continued upward series of oil are tensions in North Africa and the Middle East and concerns about problems with the U.S. economic recovery. For higher prices contribute expectations that the Fed will maintain a record low base rate in the U.S. still quite a long time to stimulate growth. This causes a decline in the dollar, leading to increased interest in investment in commodities. Since the end of August so far lightest crude oil traded on the stock exchange in New York has appreciated by over 58 per cent. Brent is even more expensive – by about 69 per cent.

The crude oil retreated positions and returned to its lowest price in the last week. The main reason for this may indicate the data on oil stocks in the U.S. is expected to signal that demand for fuels in the largest economy is recovering more slowly than expected. On the New York Stock Exchange yesterday, oil contracts for June delivery fell 7 cents to 112.21 dollars a barrel, the lowest closing level since 20 April. At night, black gold has lost 0.25 percent to 111.94 dollars per barrel. The decrease in the quotations comes awaiting data on oil stocks in the U.S., analysts say, has shrunk by 1.7 million barrels last week. Estimates for the stocks of gasoline does have to fall by 1 million barrels. Yesterday, the independent American Petroleum Institute said data for the tenth consecutive decline in inventories of gasoline, which is the longest series of negative in August 1994 so far. However, crude oil stocks reported their biggest increase for the last four weeks. The trade in Brent crude oil moved in a different way, quotes an advanced 0.4 percent to 124.14 dollars per barrel. This was their highest close since 8 April. Today Brent traded slightly lower at a rate of 123.93 dollars a barrel.