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 crude oil prices began the new week with a sharp rise, extending its rally from last week. This morning, black gold advanced by 1,7 per cent since the previous price jumped nearly 7 percent. Today the stock exchange in the U.S. lightest crude for delivery in April added 1.7 per cent (1.76 dollar) to 106.18 dollars per barrel. This is the highest price of the raw material from September 2008 until now, since the beginning of the year, oil has appreciated by 16 per cent targets. This appreciation has led the U.S. administration to consider opening the strategic petroleum reserve of the country to counter the sharp appreciation of her. For now, however this news has no impact on the market. The Stock Exchange of London Brent oil also more expensive, adding 1 percent to its price in the first hours of the new trading week. So quotations reached 117.14 dollars, which remains near the highest level this year – U.S. $ 119.79 zabarel registered on 24 February. The analysts quoted by the media, the main reason for the appreciation of the black gold is happening in Libya. African country in a normal atmosphere produces 1.6 million barrels per day, production has contracted by about 1 million barrels. Expectations are that amount to be offset by increased production in Saudi Arabia.
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The crude oil price broke up and re-pass $ 100 a barrel in the hours after the regular session of the oil exchange in New York today. The reason for this were clashes between demonstrators and security forces in the capital of Iran – Tehran on Tuesday. They reinforced fears that oil supplies from the Middle East and North Africa will be violated. Iran is the second largest oil producer in the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia. The country has harvested 3.7 million barrels per day in February. In addition to increased oil prices, unrest in Iran affected and the leading stock index in Saudi Arabia, which fell heavily because of fears that the protests could be transposed into Saudi Arabia. Meanwhile, rebels against the regime of Muammar Gaddafi renewed their clashes with security forces remained loyal to the Libyan leader. The rapid developments in the Middle East and North Africa, where he focused much of global oil stocks rose by 5% the price of U.S. light crude in February with over 11% of the price of Brent variety. In today’s electronic trading, U.S. light crude rose by 0.5 percent to 100.15 dollars a barrel after yesterday jumped 2.7 percent to 99.63 dollars per barrel.
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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 strengthening civil protests in Egypt helped Brent oil to break for the first time since the October 2008 level of $ 100 a barrel during yesterday’s session on the London Petroleum Exchange. Analysts say the country’s political crisis may affect oil supplies from countries in the Middle East, exporting raw energy. Although the Suez Canal and oil pipelines connecting the Red Sea with the Mediterranean, still working, civic protests against Egyptian President Hosni Mubarak led to the cessation of activity in most sectors of the Egyptian economy. The Egyptian army said Monday it will not use force against citizens who are included in the protest for the removal of President Mubarak. Statement from the army became clear that “freedom of speech is guaranteed for all the demonstrators who used peaceful means.” This is the first explicit confirmation by the Egyptian army that will not open fire on demonstrators who have taken over the streets of Egypt last week to try to subvert President Mubarak to step down after 30-year rule. Local and foreign companies have suspended operations due to protests in Egypt, and many tourists headed to airports in an attempt to leave the country. While the conflict between protesters and Hosni Mubarak escalates, activists in Egypt are preparing for a large march of a million people today. Because of concerns about supply disruptions in oil prices of Brent, which is produced in the North Sea, gained nearly 2% to 101.73 dollars per barrel. In times of today’s e-commerce, however, its price dropped by 0.4 percent to 100.59 dollars a barrel, after speculators rushed to retrieve the profits from his strong appreciation over the past two sessions.
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The crude oil prices remained almost unchanged during today’s e-commerce and is on track to finish the week with its largest loss in the last three months. Subside the concerns about the fiscal crisis in Ireland and the stability of the banking sector increased price of oil by 1.8 percent yesterday. The governor of the Bank of Ireland Patrick Honohan said yesterday that it expects the country to receive financial assistance from the European Union and International Monetary Fund, which enhance the rate of the euro against the dollar and make it more attractive investment in commodities that are traded in U.S. dollars. The good data on the factory sector and the index of leading indicators in the U.S. also reinforced the optimism of investors about the economy. The U.S. light crude for December delivery traded almost unchanged at a level of 81.76 dollars per barrel in today’s electronic trading on the New York Petroleum Exchange. Its price rose 1.41 dollars or 1.8 percent, to 81.85 dollars a barrel yesterday after falling during the previous four days. More actively traded oil futures for January delivery today more expensive by 44 cents to 82.86 dollars per barrel. The crude oil prices have jumped 3.7 percent this year, but earlier this week fell by 3.1 per cent. The reason for this was Ireland’s debt crisis and fears of monetary tightening in China, which is the largest user of energy resources in the world.
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The Crude Oil price noted strong growth jumped over 80 dollars a barrel, reaching its highest value since May. With a major contribution to this optimism, which is observed on stock exchanges and appreciation of the euro against the dollar. Quotations turned away more than 3 per cent yesterday and exchange session in New York closed at 81.40 dollars a barrel. Thus black gold delete your loss this year and is now moving with growth of 2.6 per cent from 1 January onwards. During the night oil contracts with delivery in September rose by another 0.14 percent to 81.45 dollars a barrel. Reason for optimism and buying oil gives rise to the stock indexes in the U.S. and Asia. Yesterday, the broad U.S. index, S & P 500 rose 2.2 per cent, and today splashed a wave transmit and Asian markets. Quotations provide support and appreciation of the euro, which reached a peak of three against the dollar yesterday. Today the two currencies traded at a rate of 1,3151 EUR / USD. Exchange in London yesterday of Brent oil rose 3.4 percent to 80.82 dollars a barrel.
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The price of U.S. light crude fell sharply by nearly 3 percent by the end of today’s session of the oil exchange in New York and was its lowest point since the beginning of April, sent Wall Street Journal. The news that U.S. financial regulators have raised accusations against the U.S. investment bank Goldman Sachs for fraud mortgage securities, distressed investors on Wall Street and led to increased sales in the financial sector. According to financial analysts, if the financial regulatory authorities in the U.S. fined Goldman Sachs, it may cause the bank to liquidate their bets on oil price rises. The U.S. dollar rose strongly against most major currencies, excluding the Japanese yen, which lowered the price of raw materials, which are traded in dollars, including oil. U.S. light crude for delivery in May ended Friday’s session with a fall in price from U.S. $ 2.27, or 2.65 percent, to 83.24 dollars a barrel. Today’s decline in energy raw material was the strongest since the beginning of February. The price of oil futures varied in the range of 82.52 to 85.44 dollars per barrel during today’s session. Meanwhile, the International Petroleum Exchange in London Brent with delivery in June fell 1.66 dollars or 1.9 percent, to 85.93 dollars a barrel.
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The price of oil conquer new 15-month high during today’s e-commerce in Asia, supported by the recent good economic data for the third largest economy in the world – China, which renewed expectations for the recovery of global economy this year. Depreciation of the dollar to a three-week low against the euro, and extremely low temperatures in most of the northern hemisphere, also raised the price of energy input at the beginning of the week to the highest level since October 2008. Economic optimism contributed data on exports to China, which increased by 17.7% yoy in December. This is the first annual export growth for the past 14 months. China is expected to be engine of global economic growth this year. Moreover, today it became clear that oil imports in the country rose to a record 203.8 million metric tons last year. China is the second largest energy consumer in the world after the United States. U.S. light crude for delivery in February to 0.1 percent more expensive to 82.75 dollars a barrel during electronic trading today on the stock exchange in New York. This is the highest price level since October 14, 2008.
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