The crude Oil prices continue to retreat and in yesterday’s trading session, registering a decline for the fifth consecutive day. Thus quotes are back to 11-week bottom, where they found some support this morning and moving with a slight increase. Yesterday in New York oil contracts with delivery in October lost 2 percent to 71.63 dollars a barrel. This is the lowest level since June 7, a raw material is already moving at a retreat of 9.4 per cent this year. Within the past five days with the black gold retreated 5.5 percent. This is due to concerns that the global recovery lost momentum again his. Approaching the level of 70 dollars a barrel attract buyers and the price of black gold found some support. She came because of the temporary retreat of the dollar against the euro, ending a five-day rally in U.S. currency. This prompted a rise in oil prices of around half a percent. But the dollar quickly recover and again this morning against the euro ahead as both currencies are exchanged at a rate of 1,2635 EUR / USD. This is reflected in the oil market, where this morning the black gold of the earnings lost during the night and move to a growth of 0.25 per cent yesterday to 71.83 dollars a barrel.
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The Crude Oil price noted strong growth jumped over 80 dollars a barrel, reaching its highest value since May. With a major contribution to this optimism, which is observed on stock exchanges and appreciation of the euro against the dollar. Quotations turned away more than 3 per cent yesterday and exchange session in New York closed at 81.40 dollars a barrel. Thus black gold delete your loss this year and is now moving with growth of 2.6 per cent from 1 January onwards. During the night oil contracts with delivery in September rose by another 0.14 percent to 81.45 dollars a barrel. Reason for optimism and buying oil gives rise to the stock indexes in the U.S. and Asia. Yesterday, the broad U.S. index, S & P 500 rose 2.2 per cent, and today splashed a wave transmit and Asian markets. Quotations provide support and appreciation of the euro, which reached a peak of three against the dollar yesterday. Today the two currencies traded at a rate of 1,3151 EUR / USD. Exchange in London yesterday of Brent oil rose 3.4 percent to 80.82 dollars a barrel.
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The crude oil price rose over the past day, as the quotations again turned to 77 dollars a barrel. This gave rise to some positive signs for the Chinese economy and the retreat of the dollar. Oil supported the second consecutive growth indexes in China. He came because data for increased domestic consumption, leading to increased profits of car manufacturers. This gives rise to expectations that demand for fuels in the country will increase. On the New York Stock Exchange yesterday, oil contracts with delivery in August increased its price by 0.7 percent to 76.54 dollars a barrel. The deadline for trading with them expires today, but this morning their price increased by 0.15 percent to 76.65 dollars a barrel. The September futures which are already traded more actively, rose 0.1 per cent to 77 dollars a barrel. This morning the euro managed to advance to 1,2968 EUR / USD, and again towards the attack rate of 1.30 dollars per euro.
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The crude oil price is back below $ 70 a barrel last night, blotting out its minimum height of yesterday’s trading session in New York. The decrease is mainly due to renewed subsidence of the euro, which in turn is under pressure because of problems in the banking sector in Spain. At the time the single currency is moving to a serious decline 1,2280 EUR / USD, which is a retreat from more than 100 pips for the night. This is due to fears that Spain is facing a banking crisis, since Saturday the country was nationalized Savings Bank CajaSur. Exchange in New York yesterday, the price of U.S. light crude rose 0.2 percent to 70.21 dollars a barrel. At night, however, quotes about lost 1.5 per cent this morning raw material traded on 69.13 dollars a barrel. Yesterday in London Brent with delivery in July fell 51 cents to 71.17 dollars per barrel, but this morning the price of raw materials fell by more dollars to 70.17 dollars a barrel. The price of crude oil supported the strong US Dollar and in end of Asian markets session, the USD reached new high levels.
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The crude oil prices sank sharply in the past day, as the quotations lost nearly 3 per cent. The reason for this was lowering the credit ratings of Greece and Portugal, which led to a serious sell off in global markets. The problems of two European countries came to the U.S., leading to decline in the leading stock indexes in the country yesterday. Exchange in New York on Tuesday with oil contracts in June delivery lost 2.1 percent to 82.44 dollars a barrel. The night of quotations continued to retreat, sinking below 82 dollars a barrel, but this time managed to have stabilized at 82.12 dollars a barrel. The reason for this stabilization has become part of the recovery of lost items of the euro, which rose after a strong decline from yesterday. This morning the single currency is exchanged at 1.3211 dollars per euro after yesterday fell below 1,32 EUR / USD. Yesterday in London, Brent crude from oil fell 1.2 percent to 85.78 dollars a barrel.
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The crude oil back above the level of 84 dollars a barrel and more expensive for a second day today after data from the American Petroleum Institute yesterday showed that inventories of crude oil in the country fell unexpectedly by 741 thousand barrels last week. Good financial results of several large U.S. companies from financial, technological and consumer sector also supported the positive investor sentiment about economic recovery, which would increase energy demand for raw materials sent Bloomberg. U.S. light crude oil is traded on the New York Petroleum Exchange, more expensive by 0.7 percent to 84.41 dollars a barrel in today’s times of e-commerce. The price of the June oil futures rose 72 cents to finish yesterday’s session at the level of 83.85 dollars a barrel. Oil with delivery in May, whose futures expired yesterday, rose $ 2 to 83.45 dollars a barrel. Meanwhile, the International Petroleum Exchange in London Brent crude supply in June with more expensive by 0.7% to 85.40 dollars a barrel in electronic trading today. The June futures ended yesterday oil session to increase the price of 57 cents, or 0.7 percent, to 84.80 dollars a barrel.
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The crude oil prices rose sharply yesterday and the stock ended trading at its highest level in 17 months from 86.62 dollars a barrel. Quotations remain near those levels, and during today’s e-commerce in Asia. The economic optimism of investors caused by the increase in employment in the U.S. and activity in the services sector in March, lifted oil prices to the highest level since October 2008 so far yesterday on the New York Petroleum Exchange. Rising prices reflect the expectations of market participants that demand for energy raw materials will increase the recovery of U.S. economy. U.S. light crude for delivery in May rose 1.75 dollars to finish yesterday’s session at a level of 86.62 dollars a barrel. During today’s e-commerce in Asia oil futures slightly cheaper by 16 cents to 86.46 dollars a barrel. Since early this year their price has risen by 9 per cent. Tomorrow the weekly report by the Ministry of Energy of the United States will show whether crude oil reserves of the country have increased for the tenth consecutive week. Meanwhile, Brent crude oil traded for 85.60 dollars a barrel in today’s electronic trading on the London oil market by reducing its price by 28 cents compared to yesterday’s closing level.
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The price of crude oil retreated positions in the last day, decreasing by about 1 percent. However, black gold is moving with growth of 1 percent since the beginning of the week. Fall in crude oil prices in the last day due to the strengthening of U.S. dollar positions. Simple movements in favor of the dollar in currency markets led to a restriction of interest in investing in commodities. On the New York Stock Exchange yesterday, oil prices with delivery in April fell by 0,9 percent to 82.20 dollars per barrel. Night quotations continued to retreat this morning were at 82.07 dollars a barrel. So oil is permanently retained over 82 dollars a barrel, after jumping over that line earlier in the week. The reason for the upturn gave the position of the U.S. Federal Reserve, which announced that interest rates in the United States will remain near zero for a long time.
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The week started with the growth in oil prices. The reason for this is mainly speculation that OPEC’s new measures to curtail production will lead to a reduced supply of raw material. At the time of high interest are expected consumer confidence data in the U.S., which will be published tomorrow. Estimates for the improvement of the indicator, which can also lead to an increase in oil prices because of expectations that positive attitudes will be conveyed in the corporate sector. This morning American barrel light crude oil is traded with a growth of 0,5 per cent on Friday, as the quotations are close to 82 dollars per barrel. Last week, black gold has managed to rise by 2,3 per cent on Friday as only the price of oil has increased with 1,3 percent, reminds Bloomberg.
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The crude oil prices run over $ 78 a barrel, which has long stopped falling over the last five working days, the agency reported Reuters. And the reason for the sharp rise indicates the suspect standing in addition – the weakening of the dollar, but concerns about increased demand for energy resources and signs of recovery in the global economy. Contracts for U.S. light crude for delivery in February, have added very quickly to the price of 64 cents to $ 78.64 a barrel after the beginning of Asian trade today was reported quarterly decline to $ 77.29 a barrel. The price of London’s variety “Brent” add less – 43 cents to $ 77.54 a barrel. Today in the U.S. markets are closed and oil traded volumes were small, pointed brokers. They even admitted to the upsurge in prices is short-lived. According to Reuters the current oil prices are 50 percent lower than the historical maximum of $ 147 a barrel reached in July 2008. International Energy Agency (IEA) announced that the termination of economic incentives may be a threat to oil demand this year, which will increase its price.
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