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 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.
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