The price of U.S. light crude went up for the first time in four days yesterday published data on reduction of oil reserves the United States. The weekly report from the American Petroleum Institute showed that within the week to February 11 stocks of U.S. crude oil fell by 354 thousand barrels. The Barrel U.S. light crude for March delivery rising by 0.3 percent to 84.54 dollars in today’s pre-trading on the New York Petroleum Exchange. Yesterday the price fell 0.5 percent to 84.32 dollars per barrel, its lowest level since November 30th. The crude oil price has dropped by 8 percent this month because of near record high levels of stocks of raw material in the U.S. Price was raised by 10% over the past 12 months. The brent crude obtained from the North Sea, in turn, rising by 0.3 percent to 101.93 dollars a barrel on the London Petroleum Exchange. In yesterday’s regular session price fell 1.4 percent to 101.64 dollars per barrel. The price of copper, which reached new record highs earlier in the week, fell for a second day. Copper for delivery in three months fell 1.3 percent to 9,886 dollars per tonne, having jumped to a record 10,190 dollars per ton.

The worries about the financial markets that China will continue to tighten monetary policy, which will cool the growth of Chinese economy and reduce demand for energy commodities in the country, the price of oil fell to its lowest level in two weeks. The crude oil prices fell heavily by 3% yesterday after Chinese Premier Wen Jiabao said the government develop measures to curb inflation in the second largest economy in the world, which is the largest user of energy resources. The prices of traded goods fell and fears of worsening debt crisis in the eurozone. Finance ministers from the European Union discussed in Brussels today’s debt crisis in Ireland, Portugal and Greece, as well as possibilities for a rescue package for banks in Ireland. The crude oil for cheaper despite the message of the American Petroleum Institute yesterday that reserves of U.S. crude oil fell last week to its fastest pace since September 2008 they fell by 7.7 million barrels, which was more than expected. Today and the weekly report released by the Ministry of Energy, U.S. oil reserves and demand for energy commodities last week which is more comprehensive because it covers all oil refineries in the country.
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The crude oil prices recorded a decline over the past day, which is mainly due to recent disappointing data on the state of American consumers. To contribute to the pressure and expectations for growth of new oil reserves in the U.S. As part of yesterday’s trading session in New York oil contracts with delivery in October dropped by 0.6 percent to 74.70 dollars a barrel. This morning, the raw material gave a further 70 cents to $ 74 a barrel. Since the beginning of the month the price of oil fell 6.3 percent, although last week there has been a growth of 2.3 per cent. Since the beginning of the year did the black gold has lost 6.8 percent of the price. Fall in oil prices yesterday came because of evidence that Americans’ incomes rose by 0.2 percent last month. This was below market expectations for growth of 0.3 per cent and cause negative feelings. The price of Brent crude oil dropped to the minimum 5 cents to 76.60 dollars a barrel.
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The Price of U.S. light crude rose nearly threefold to bed after the U.S. Dollar weakened against the euro yesterday for the first time in six days and went on to lose in today’s currency during the session. Weakening of the dollar against other major currencies usually reduces the interest of investors to inputs that are traded in U.S. currency. The crude oil jumped more than 1 percent on Wednesday after he fell in morning trade to their lowest level in 11 weeks. This gave rise to the data of the Ministry of Energy Mr. USA, which showed that the country’s stocks of crude oil and natural gas rose last week because of weak demand. U.S. light crude for October delivery ended the session with an increase of 86 cents, or 1.2 percent, to 72.49 dollars a barrel. The price continues to go up and during today’s e-commerce, increased by 0.3 percent to 72.75 dollars a barrel. Meanwhile Brent with delivery in October to 0.3 percent more expensive to 73.73 dollars a barrel in electronic trading hours of the London Petroleum Exchange today. Its price rose by 1.09 dollars or 1.5 percent, to 73.47 dollars per barrel at the end of yesterday’s session. The U.S. dollar fell 0.2 percent to 1.2657 dollars per euro on Wednesday and lost a further 0.5 percent today to 1.2714 dollars per euro at 9:10 am local time.
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The crude oil price rose over the past day, as the quotations again turned to 77 dollars a barrel. This gave rise to some positive signs for the Chinese economy and the retreat of the dollar. Oil supported the second consecutive growth indexes in China. He came because data for increased domestic consumption, leading to increased profits of car manufacturers. This gives rise to expectations that demand for fuels in the country will increase. On the New York Stock Exchange yesterday, oil contracts with delivery in August increased its price by 0.7 percent to 76.54 dollars a barrel. The deadline for trading with them expires today, but this morning their price increased by 0.15 percent to 76.65 dollars a barrel. The September futures which are already traded more actively, rose 0.1 per cent to 77 dollars a barrel. This morning the euro managed to advance to 1,2968 EUR / USD, and again towards the attack rate of 1.30 dollars per euro.
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The crude oil trades decreased for the seventh straight day during today’s electronic trading in New York after concerns about economic recovery in Europe continued to weigh on quotations. Economic data of recent days showed that the manufacturing sector and service sector in China have slowed their growth, which bodes less demand for energy inputs in the second largest consumer of oil in the world. The same situation occurred in the manufacturing sector of the U.S. and Europe. The price of U.S. light crude fell by 0.4 percent to 71.86 dollars a barrel in today’s times of electronic trading on the New York Stock Exchange. U.S. financial markets were closed Monday on the occasion of Independence Day. Oil futures with delivery in August fell by 81 cents or 1.1 percent, to 72.14 dollars per barrel by the end of Friday’s session. Last week energy raw materials fell 8.5 per cent because of worsening economic attitudes of investors. Since the beginning of this year its price has plummeted by 10 percent.
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The price of crude oil remains below 77 dollars per barrel, resulting in what is about to record the first week retreat for the last three weeks. The reason for uncertainly movement of quotations gives renewed fears of economic development. Yesterday the price of black gold stabilized after two days of decline, which contributed data on the growth of durable goods orders in the U.S. and the decline in initial unemployment in the country. The crude oil contracts with delivery in August rose 16 cents minimum to 76.51 dollars a barrel. This morning also lost raw materials 0.3 percent to 76.29 dollars per barrel, but the quotations are about to rise for the week of 0.6 per cent. On the London Stock Exchange this morning Brent with delivery in August lost 0.22 percent to 76.30 dollars a barrel. The price started increasing after the fiasco of the US Dollar last month and hard offence over the crude oil prices.
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The crude oil price continues to fall, but still stood near the level of 70 dollars per barrel. This is happening against a background of very sharp movements in the 3-4% upward and downward direction. During the exchange session in New York yesterday, the price of black gold fell 2.1 percent to 68.75 dollars, while during the session to losing more than 4 percent of its value. This morning, however, quotations with advancing 0.64 percent to 69.39 dollar after early night again were over the threshold of $ 70 a barrel. The main reason for the sharp drop in the price of black gold during yesterday’s trading session was a sharp setback for the euro against the dollar. This limited interest in investing in raw materials and pushed down their prices. The reason for the deletion of the losses in oil prices gave the report of the American Petroleum Institute gasoline stocks, which last week rose unexpectedly to 3.19 million bbl. This gave the effect of speculation that demand for fuel is increasing, supporting quotations.
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The price of crude oil has taken up during today’s e-commerce in Asia and losing his series broke the previous five sessions. Energy input has made its lowest price level since the beginning of the year yesterday, and fell below $ 70 a barrel, which tempted some market participants. The price of U.S. light crude rose by 0.8 percent to 70.64 dollars a barrel during electronic trading today after the session ended yesterday with a fall of 1.53 dollars to 70.08 dollars per barrel, which is lower price level for the past five months, announced Bloomberg. Feedstock for energy fell slightly to 69.27 dollars a barrel yesterday because of the strong appreciation of the dollar caused by lower risk appetite of investors. U.S. currency rose to 1.2335 dollars per euro, noting its highest level against the euro over the past four years. Brent with delivery in July, meanwhile, a more expensive one percent to 75.85 dollars a barrel in today’s electron hours trading on the London Petroleum Exchange. Oil futures dropped by 2.83 dollars or 3.6 percent, to finish yesterday’s session at a level of 75.10 dollars a barrel.
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The price of crude oil retreated positions in the last day, decreasing by about 1 percent. However, black gold is moving with growth of 1 percent since the beginning of the week. Fall in crude oil prices in the last day due to the strengthening of U.S. dollar positions. Simple movements in favor of the dollar in currency markets led to a restriction of interest in investing in commodities. On the New York Stock Exchange yesterday, oil prices with delivery in April fell by 0,9 percent to 82.20 dollars per barrel. Night quotations continued to retreat this morning were at 82.07 dollars a barrel. So oil is permanently retained over 82 dollars a barrel, after jumping over that line earlier in the week. The reason for the upturn gave the position of the U.S. Federal Reserve, which announced that interest rates in the United States will remain near zero for a long time.
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