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 crude oil prices retreat recorded in the first trading session for the new week as the retreat of the last quotes in hours electronic trading. The reason is the stabilization of the dollar was unable to leave the eight-month low against the euro and 15-year low against the yen. This caused a decline in interest for investments in raw materials. During yesterday’s session in New York the price of oil for delivery in November fell 0.5 percent to 82.21 dollars per barrel. The night quotations decreased by another 1 percent to 81.42 dollars per barrel. Some pressure on the price of black gold have speculation about a forthcoming meeting of the leadership of the Organization of Petroleum Exporting Countries (OPEC). The meeting will be held on October 14 in the Austrian capital Vienna. Expectations are that production quotas and export will not be changed, to support these claims a position of the Saudi oil minister Ali al-Naimi that “prices in the 70-80 dollars per barrel are ideal,” reported Bloomberg. “Do not expect any change,” said Qatari oil minister and Abdullah al-Atia at the beginning of the week. He said this price range for oil is suitable for both the sellers and purchasers.
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The price of crude oil increased to near 81 dollars a barrel during electronic trading today in Asia, together with all the major stock indexes in the region. The price of energy input is about to celebrate third growth in the last four weeks, after having surged by 1.2 percent over the past five days. Reason for today’s rise in oil gave news that the Organization of Petroleum Exporting Countries (OPEC) will cut oil supplies by 2.3 percent within months, ending on March 20. Countries that are members of OPEC, the source of about 40% of global oil supplies. U.S. light crude for delivery in April, is rising by 60 cents, or 0.8 percent, to 80.81 dollars a barrel during electronic trading today on the New York oil exchange. By the end of the session on Thursday, oil futures fell by 66 cents to 82.21 dollars per barrel. Meanwhile, the price of Brent rose by 64 cents, or 0.8 percent, to 79.18 dollars per barrel in today’s times of electronic commerce in the international petroleum exchange in London. The April oil futures ended the session yesterday with a decrease in price by 0.9 percent to 78.54 dollars per barrel.
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The price of oil fell to 76 dollars a barrel during electronic trading today in Asia after the data for unexpected contraction in the services sector in the United States darken depreciation of the dollar. This week it became clear that lower demand has increased oil reserves of the largest energy consumer in the world more than expected. U.S. light crude for delivery in January to 0.4% cheaper to 76.15 dollars a barrel during electronic trading on the New York oil exchange. Oil futures ended Tuesday’s session to drop the price of 14 cents to 76.46 dollars per barrel, the lowest level last week. Compared to last Friday U.S. crude oil has dropped by 0.2 percent, but the beginning of the year its price was raised by 70%. He may continue to become cheaper now, if the data for unemployment in the U.S. market in November, disappointed analysts. They expect it to remain at a level of 10.2 percent for the second month. In the hours electronic trading on the international petroleum exchange in London Brent crude oil traded slightly decrease the price by 0.2 percent to 78.17 dollars per barrel.
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