The quotes of the Asian oil trade fell below $ 75 a barrel, reaching almost to the monthly minimum, and the main reason, according to Reuters agency have poor economic data in Asia and especially the increasing demand for currency to replenish the reserve of some large banks China. Additional indicator for the lowering of prices was news that the economic growth of South Korea has slowed down during the last quarter of 2009 due to three factors: reduced export demand and crouching low public spending. All this led to a decrease by 85 cents a quotation of U.S. light sweet crude for March delivery at $ 74.42 a barrel. When Brent was also reported a decline of 80 cents to $ 72.89 a barrel on supply in March. Players expect the oil market statistics for stocks in the United States to take their decision how to proceed until the end of the week. This information will be made tomorrow on two channels – from the American Petroleum Institute (API) and Energy Information Agency (EIA).
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