Financial Communique » Crude oil Field

The price of crude oil exceeds 100 USD per barrel

Viliyana Filipova — Thu, 01 Dec 2011 15:23:01 +0000

The price of the crude oil exceeds 100 USD during trading in New York. A Barrel U.S. light crude rose to 100.36 dollars at the end of the session, which is the highest price level of 16 November. The London Brent crude rose to 110.99 dollars a barrel. The price of black gold was supported by the coordinated action of several central banks to reduce the financial tensions in Europe and facilitate access to financial assets. Later data from the consulting firm ADP showed that the private sector in the U.S. revealed 206 thousand new jobs expected in November at about 106 thousand.
According to a report of the U.S. Department of Energy stocks of crude oil in the country increased by almost 4 million barrels last week to 334.7 million barrels. Reserves of petroleum distillates rose 5.53 million barrels to 138.5 million barrels at the end of last week. Meanwhile, gold prices reached a maximum of two weeks in session today. Precious metal futures with delivery in December rose to 32.10 dollars, or 1.9 percent, to 745.50 dollars an ounce.

The light crude oil turned back over 100 USD per barrel

Viliyana Filipova — Thu, 26 May 2011 10:17:22 +0000

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.

Sharp movements in the crude oil market after the Fed decision

Viliyana Filipova — Fri, 19 Feb 2010 17:37:07 +0000

The price of oil recorded several sharp movements in the past day. The black gold initially rose significantly, passing over 79 dollars a barrel, then retreated with quotes around the dollar. As part of yesterday’s session of the New York Stock Exchange with oil delivery in March rose by 2,2 percent to 79.06 dollars per barrel, the highest close since 14 January. It came because of the temporary stabilization of the euro, which has triggered interest in investing in commodities. Late in the evening, however, the U.S. Federal Reserve raised the discount rate by a quarter percentage point to 0.75 percent, which acted as a powerful catalyst for the dollar. Thus, the dollar rose to 1,3485 EUR / USD, after yesterday the euro was more than 100 pips more. This led to reduced interest in investing in raw materials and oil prices fell with 1,3 per cent to just over $ 78 a barrel. The Exchange in London yesterday of Brent crude oil with delivery in April rose by 2 percent to 77.78 dollars per barrel.
At night, however, quotations retreated with 1,3 per cent to 76.87 dollars per barrel.