The crude oil price fell with 29 cents, or 0.3 percent, to 101.64 dollars a barrel in electronic trading in New York. Earlier contracts rose 0.2 percent to 102.15 dollars, near its highest level this month. The price of U.S. light oil added 1.4 percent this week and 35% for last year. With 8 cents, or 0.1 percent, to 119.65 dollars per barrel dropped the price of Brent crude oil for delivery in June, after earlier rose 0.4 percent. Earlier, the crude oil price rose close to its highest value during the month after the U.S. trade deficit unexpectedly fell and OPEC failed to agree on production quotas. U.S. trade deficit shrank after exports grew by 1.3 percent, driven by sales of fuels, petroleum products and computers, according to the Commerce Department. The report prompted economists at Morgan Stanley to raise its forecast for growth for the second quarter.

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 crude oil recorded its longest negative series for the last eight weeks, losing positions for the fourth consecutive day. The basis of downward movement are fears that the U.S. economic growth will slow in coming months. On the New York Stock Exchange yesterday, oil contracts for June delivery fell 1.6 percent to 109.24 dollars per barrel. This is the lowest close since 19 April, and at night quotes gave a further 0.4 percent to 108.79 dollars per barrel. A concern yesterday became the data for the slow pace of job creation in the private sector of the U.S. in April, and delayed growth in the services sector. This causes concern that will entail a slower rate of growth of the economy as a whole. Moreover, the official government data showed that consumption of petrol has reached its lowest point last month. This has contributed to the sharpest increase in oil stocks in the U.S. since November. This morning barrel Brent crude traded price of 121.04 dollars.

The rapid jump in oil prices early this year and improved returns from refining are probably brought solid gains of major oil companies in the first quarter. It is not excluded that the profits of American oil companies for this year can compete with record levels for the industry since 2008, said publication. Then oil prices reached $ 147 a barrel, marking its highest levels in history. In the first quarter price of a barrel of oil rose to an average $ 100, which is about 20% more than a year ago. The reason for this were mostly concerns about breaches of its exports because of political unrest in the Arab world. The recovery of world economy at the same time intensify speculation about higher oil demand, which also supported the price of the black gold. The jump in oil prices expected to rise by about 50 per cent profit on the largest U.S. oil company Exxon Mobil in the first quarter. For the second and third largest U.S. oil companies Chevron and ConocoPhillips this growth is estimated to be about 33% annually. Of course, the year is still in its beginning and forecasts for record profits is too early to judge. Prices of U.S. light crude hover over 112 dollars a barrel in New York and about 124 dollars a barrel Brent crude in Europe. This unusually large difference in oil prices, sold in the U.S. and Europe, however, can support the profits of U.S. oil companies in two ways.
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The price of oil goes down for third day and fell close to 105 dollars a barrel in the electronic trading today, affected by uncertainty surrounding the nuclear crisis in Japan and the crisis of government debt in Europe. The events in Libya in recent days also supported the fall in oil prices after armed troops of the opposition seized on the weekend five cities in the eastern part of the country, including the oil terminal in Ras Lanuf. After his capture the representatives of the Transitional National Council in Benghazi announced that Libya would resume oil exports in the near future. Firm in the oil trade will be emirate of Qatar. The U.S. light crude for May delivery cheaper by 0.3 percent to 105.08 dollars a barrel in today’s electronic trading of oil exchange in New York. Share prices on the Tokyo Stock Exchange fell after it became clear that severe leakage of radiation is difficult trying to cool the reactors at the victims Fukushima-1. The crude oil cheaper for a third day on the stock exchange in New York, which is the longest series of its decline since March 11. On Friday, its price fell 20 cents to 105.40 dollars per barrel, but compared with March 2010 it has increased by 28 per cent.
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The price of crude oil goes up for a second day today after allied air attacks on U.S. forces, Britain and France over Libya over the weekend increased the risk of disruption of supplies of oil from the third largest exporter in Africa. Meanwhile, the citizens in Yemen protests against President Ali Abdullah Saleh is reinforced by further evidence of the deepening political crisis in the region. The U.S. light crude for delivery in April, rising by 5 cents to 102.38 dollars a barrel in today’s electronic trading on the stock exchange in New York. Its price rose by 1.26 dollars yesterday to 102.33 dollars a barrel, its highest level since March 10st. The April futures on U.S. light crude expire today. More actively traded futures for delivery in May expensive by 1 cent to 103.10 dollars per barrel. The Brent, meanwhile, cheaper by 10 cents to 114.86 dollars per barrel, having traded yesterday with an increase of 0.9 percent to 114.97 dollars per barrel. The U.S., Britain and France intervened in Libya this weekend in support of rebels in the east of the country after the United Nations authorize the conduct of military operations last Thursday. The Allies fired over 100 Tomahawk missiles over the weekend against forces loyal to Muammar Gaddafi, and established no-fly zone over much of the country. The Libyan leader condemned the coalition against his regime, calling it a “coalition of Satan.”
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The crude oil price is back above 97 dollars a barrel on the New York Stock Exchange after yesterday falling to its lowest level last week. The reason for this was speaking of Saudi Arabia that may cover the supply of oil, damaged because of the riots in Libya. According to the CEO of oil company Saudi Arabian Oil Khalid Al-Bankruptcy Libya continues to export oil despite the tense situation in the country. Because of the rapid increases in oil prices International Energy Agency (IEA) said last week it was ready to provide emergency supplies of raw material in case of shortage. The U.S. light crude for delivery in April, rising by 0.6 percent to 97.57 dollars a barrel in electronic trading today in New York. The price yesterday fell 91 cents to 96.97 dollars per barrel, its lowest level since Feb 22nd. The U.S. light crude rose 5.2 percent in February and by 23% over the past 12 months. The Brent obtained from the North Sea, rising by 0.5 percent to 112.35 dollars a barrel in London. The price yesterday fell 0.3 percent, but ended months with strong growth of 11%. The Brent rose more than U.S. light crude for the greater dependence of European countries by the oil supplies from Libya. A Bloomberg’s survey shows that oil production in Libya in February fell to its lowest level in eight years. It fell by 200 thousand barrels per day to average 1.385 million barrels. The civil riots from Morocco to Bahrain led to the resignation of state leaders in Tunisia and Egypt.
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The price of U.S. light crude again turned to attack the level of 100 dollars per barrel. The mainspring of the quotes at the start of trade in commodities this week again pressure in the Middle East and North Africa. The crude oil contracts for delivery in April, moving with a growth of 1.7 per cent Friday to 99.55 dollars per barrel. At an earlier stage quotes touched 99.96 dollars per barrel. Last week, the crude oil price jumped with 14 percent, marking its strongest weekly increase of 27 February 2009 onwards. The traded in London Brent oil does progressed 1.1 percent to 113.40 dollars per barrel. A little earlier Brent reached 114.50 dollars per barrel. In Libya the opponents of the regime of Muammar Kaddafi have taken control of a city located near Tripoli. The country has drawn up a provisional government, which has already announced that oil exports from the territory controlled by it will be under the supervision of the new government, writes Wall Street Journal. The region of the Middle East and North Africa remained unsettled and this weekend, with massive protests was in Oman and Tunisia.

The European stocks fell for a fifth straight day because of ongoing violence in Lebanon, which sent oil prices to the highest level of 29 months. The pan-European Stoxx Europe 600 index slid 0.6 percent to 280.56 points to its lowest level for that month. The opponents of the regime of Muammar Gaddafi solidified its control over cities in the oil-rich eastern part of the country while he continues to hold Tripoli, using tanks to block roads. The crude oil for delivery in April hit 103.41 dollars – the highest intraday value of 29 September 2008, the New York Mercantile Exchange. The major national indexes fell on 12 of the 18 western European markets. Germany’s DAX slid 0.9 percent to 7 130.50 points, while Britain’s FTSE 100 and France’s CAC 40 fell less than 0.1%. The losses in European markets were offset in part after the initial report on applications for unemployment benefits in the U.S. fell more than expected last week. The shares of Porsche SE fell by 11% after the company announced that its merger with Volkswagen AG will probably be postponed. On the winning side became the third largest French bank – Credit Agricole SA, the loss for the quarter was less than expected thanks to the profits of the division of its investment banking.

The crude oil prices surged to their highest levels for the past more than two years against the backdrop of increasing violence in Libya, which has fueled fears that supplies of crude oil from the Middle East and North Africa will be violated because of burning civil conflicts in the region. The U.S. light crude for delivery in April rose sharply by nearly 10% of the last regular session of the New York Petroleum Exchange on 18 February, and the price of Brent jumped to its highest level in more than two years because of anti-government protests in Libya. Brent is likely to trade between 105 and 110 dollars a barrel in the coming weeks, if the uncertainty in Libya continues. The U.S. light crude for delivery in April rose to 98.48 dollars a barrel in electronic trading yesterday, but today its price is 97 dollars per barrel. The session ended on Friday at a level of 89.71 dollars per barrel. All U.S. financial markets were closed yesterday for the celebration of National Day. The March oil futures, which expire today, the rise of nearly 9% on Friday to 93.85 dollars per barrel. Their price has risen by 16% over the past 12 months. The Brent for delivery in April, meanwhile, rising by 2.3 percent to 107.95 dollars a barrel in today’s pre-trading on the London Petroleum Exchange. During yesterday’s regular session price rose strongly by 3.1 percent to 105.74 dollars per barrel, the highest level since September 2008.
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