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.

Euro recorded strong growth of over 2 percent against the U.S. dollar yesterday, gaining support from weak U.S. economic data and encouraging signals of financial stability in the euro area. This caused a significant drop in the price of oil and gold, which yesterday lost more than 3% of its value. The single currency has reached the level 1,25 EUR / USD, which is its highest value since June 21. The appreciation came after news of another problem in the U.S. housing market and because of data problems in the labor market and the slowing of production activity. Meanwhile, the ECB yesterday organized an auction for commercial banks’ lending, which was used quite a bit of financial institutions. This and the success of the bond issue in Spain, have strong support of the single currency. On the New York Stock Exchange yesterday, oil contracts with delivery in August dropped by 3.5 percent to 72.95 dollars a barrel. This is the lowest cost of raw material from 8 June onwards, and earlier this morning quotes remain at the same level. This means that travel week black gold has dropped by as much as 7.2 per cent, taking the greatest decrease in the week since May 7.
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The price of crude oil increased sharply in the past day and the quotations passed over 77 dollars a barrel. Major role it played for speculation that Greece will not need support from the EU to cope with the limitation of their budget deficits. This led to strong growth in the price of the euro, which restored much of the lost against the U.S. dollar in recent days. The single currency rose to 1,3770 EUR / USD, having risen to 1.28 percent yesterday. However, since November the euro is moving with a decline of 9 percent. For the positive sentiment in the oil market influences and optimistic ending the session on the New York Stock Exchange. Because good news for the region’s manufacturing activity in New York yesterday, the shares registered in the U.S. growth rates. As a result of all this, within yesterday’s trading session in New York, U.S. light crude rose by as much as 3.9 per cent (2.88 dollar) to 77.01 dollars per barrel. Thus was achieved the highest growth of 30 since September last year. Night quotes continued its upward movement this morning and move to more growth of 0,5 per cent to 77.37 dollars per barrel.
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