The crude Oil prices continue to retreat and in yesterday’s trading session, registering a decline for the fifth consecutive day. Thus quotes are back to 11-week bottom, where they found some support this morning and moving with a slight increase. Yesterday in New York oil contracts with delivery in October lost 2 percent to 71.63 dollars a barrel. This is the lowest level since June 7, a raw material is already moving at a retreat of 9.4 per cent this year. Within the past five days with the black gold retreated 5.5 percent. This is due to concerns that the global recovery lost momentum again his. Approaching the level of 70 dollars a barrel attract buyers and the price of black gold found some support. She came because of the temporary retreat of the dollar against the euro, ending a five-day rally in U.S. currency. This prompted a rise in oil prices of around half a percent. But the dollar quickly recover and again this morning against the euro ahead as both currencies are exchanged at a rate of 1,2635 EUR / USD. This is reflected in the oil market, where this morning the black gold of the earnings lost during the night and move to a growth of 0.25 per cent yesterday to 71.83 dollars a barrel.
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