The crude oil prices began the new week with a fall, as the primary role of this are the appreciation of the dollar on Friday and warning Barack Obama that the country’s economy is again threatened by recession. Today the dollar retreat against euro minimum positions against the scandal around the head of the International Monetary Fund Dominique Strauss-Kahn, who was arrested with charges of sexual harassment in New York, told Reuters. On Friday, however, U.S. currency rose above the rate approaching 1,40 EUR / USD. The increase in the dollar generally leads to less interest in investing in commodities. Although minimal, the retreat of the dollar today came after a warning by U.S. President Barack Obama that the country is threatened with even more severe recession than that already experienced. Such a scenario as it is completely believable given that not be voted increase in the ceiling to which the U.S. government may take on new debt. At present, this ceiling is 14.3 trillion. dollar and analysts say it will be reached soon. During the night of the platform for electronic exchange trading in New York the price of light crude lost 1.3 percent to 98.34 dollars per barrel. Traded in London Brent even cheaper by 0.7 percent to 113.04 dollars per barrel. For the last week, the lightest crude for delivery in June rose 2.5 percent. Brent did raise its price by 4.3 per cent.

The crude oil futures ended Tuesday trading above 103 dollars in a second consecutive session of growth. While gasoline futures rose more than 3 percent amid concerns of potential business disruptions due to refinery flooding caused by the Mississippi River. The crude oil for June delivery rose 1.33 dollars or 1.3 percent, to 103.88 dollars a barrel on the stock exchange New York Mercantile Exchange. The price of gasoline for June delivery rose 10 cents, or 3.1 percent, to 3.38 dollars per gallon. For two sessions the price record growth of over 9%.
“The market is recovering from correction in the late last week and intraday volatility will remain high, ” said Jason Schenker, president of Prestige Economics LLC. Futures on gold and silver also registered increases Tuesday. The gold for June delivery rose 13.70 dollars, or 0.9 percent, to 1,516.90 dollars an ounce on the Comex platform of the New York Mercantile Exchange. The silver futures for delivery in July rose 1.37 dollars or 3.7 percent, to 38.47 dollars per ounce.

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 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.

The crude oil prices reached their highest level in 31 months, but then quickly retreated quotations positions. This is due to speculation that demand for oil is much higher than what the global economy can sustain in terms of the ongoing crisis. For the retreat of quotations yesterday after appreciation and help stabilize the dollar against the euro. This act of cutting the interest in investing in commodities.
“The raw materials are too expensive, so investors harvested gains in the current high prices. The main thing is monitored to determine the direction of prices is the currency market,” said the analyst. On the New York Stock Exchange yesterday, oil contracts for June delivery hit 113.48 dollars a barrel, which had not happened on September 22, 2008 onwards. But the session ended at 112.28 dollars a barrel. This morning, a light crude oil is traded with a fall of about a percentage point to 111.20 dollars per barrel. The London Stock Exchange yesterday of Brent oil for June delivery fell 0.3 percent to 123.66 dollars per barrel. This morning Brent traded at a slight setback to 123 dollars a barrel. The US dollar Index, which tracks performance of the greenback against six major currencies, rose by 0.3 per cent today. This is the first indicator of growth for the past six days. YTD dollar index has lost 6.1 percent of its value.

The crude oil fell for a second day in today’s electronic trading in New York under the influence of deteriorating attitudes of market participants about the outlook for the economy in the U.S. and the eurozone. In yesterday’s regular session on the New York Petroleum Exchange oil fell 2.3 percent to 107.12 dollars a barrel, after ratings agency Standard & Poor’s gave a negative outlook on U.S. government debt. In the prior trading day, U.S. light crude cheaper for a further 0.1 percent to 107.06 dollars per barrel. The May oil futures expire today, but actively traded futures for June delivery traded, down from 57 cents to 107.13 dollars per barrel. Harvested in the North Sea Brent lost 1.5 percent yesterday to 121.61 dollars a barrel, its lowest price level from 12 April onwards. In today’s e-commerce price rises slightly to 121.70 dollars per barrel. The gold for June delivery, which almost reached a record 1,500 dollars an ounce in yesterday’s session, cheaper by 0.1% to 1 490.20 dollars an ounce.

The price of U.S. light crude climbed above 108 dollars in today’s e-commerce in Asia, while stock indexes in the region stood at their highest levels for the past three years. The ongoing civil protests in Yemen and clashes between rebels and military forces of Muammar Gaddafi in Libya will keep oil markets under pressure this week because of their impact on the export of energy raw materials from countries in the region. The U.S. light crude for delivery in May, rising by 0.3 percent to 108.25 dollars per barrel, while Brent traded with an increase of 0.2 percent to 118.98 dollars per barrel. At the end of Friday’s session price of U.S. crude oil recorded its highest levels for the past 30 months, and this year have risen by 19%. For the price of oil helped better-than-expected data on the labor market in the U.S. on Friday, heightened hopes that the U.S. economy will continue to recover, which will carry a greater consumption of energy resources. The price of U.S. light crude jumped by more than 1 percent on Friday to its highest level in two and a half years after employment in U.S. economy has increased significantly for the second straight month in March and the unemployment rate in the country fell to two-year low of 8.8 per cent. The May oil futures rose 1.22 dollars or 1.1 percent, to end the session on Friday at a level of 107.94 dollars a barrel. Besides the threat of disruption of oil from the Middle East and North Africa, the price will probably reflect the upcoming presidential elections in Nigeria, which is the largest producer of oil on the African continent, writes Reuters.
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The prices of U.S. light crude have risen by 15% since the beginning of this quarter against the civilian protests against longtime regimes in the Arab world and the current geopolitical crisis in the oil-rich region. The jump in oil prices, reported from January to March, the strongest of the first three months of 2005 onwards, because the insurgency in North Africa and the Middle East have disrupted supplies of energy raw materials, most noticeably from Libya, which is the third largest producer in Africa. The fears of deepening crisis in the Arab region is reflected in large measure on the cost of extraction in the North Sea Brent, because of the dependence of European countries by the Libyan crude oil. Price was raised even more by 22% this quarter. Meanwhile, the accumulation of oil reserves in the U.S. rose to their highest levels in history, failed to stop the increase in commodity prices. U.S. is largest consumer of oil in the world, followed by China and Japan. The U.S. light crude for delivery in May, rising by 0.4 percent to 104.68 dollars a barrel in today’s electronic trading on the New York Petroleum Exchange. The reason for this was the retreat of the rebels in Libya, which were driven yesterday by troops loyal to Muammar Gaddafi. The weekly report by the Ministry of Energy of USA, came after the end of yesterday’s regular session in New York showed that the country’s oil reserves have increased by nearly 3 million to a record 355.7 million barrels for the week to March 25.
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The crude oil prices fell in the hours prior to today’s trading of oil exchanges in New York and London because of forecasts that oil demand in Japan may decline after the devastating earthquake and tsunami of March 11th. Japan is the third largest economy in the world and also is the third largest importer of energy raw materials, after the U.S. and China. The Japanese economy shrank last quarter of 2010, according to analysts, will begin to grow again in the second half of this year because of the serious consequences of natural disaster hit the country. The Japanese government decided to establish a special agency to monitor the recovery process, similar to the agency created for that purpose after World War II. The U.S. light crude for May delivery cheaper by 0.4 percent to 104.56 dollars per barrel in pre-trading on the New York Petroleum Exchange today. The April oil futures expired yesterday, ending the regular session with the jump in price to 104 dollars a barrel, its highest level in two weeks.
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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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