The crude oil from the Brent type rose its price strongly yesterday, raising its price by over 2 per cent. The main reason is the escalation of tensions in Lebanon, prompted by the success of the loyal forces of Muammar Gaddafi. They have managed to regain control of several strategic cities. The Brent oil with delivery in April rose 2.3 percent by the end of yesterday’s regular session in London to 115.60 dollars per barrel. At the same time lightest crude oil traded on the stock exchange in New York fell 64 cents to 104.38 dollars per barrel. In today’s e-commerce Brent rose by another 0.2 percent to 116.20 dollars per barrel and U.S. light sweet crude rising by 0.4 percent to 104.79 dollars per barrel. The difference in the movement of both types of oil due to the geographical proximity of London and European companies to the troubled regions of North Africa and Middle East analysts. For appreciation of Brent oil yesterday and contribute news of bombing in Iraq, aimed at major oil pipeline to Turkey. Because of this incident submission of oil through the pipeline will be suspended for at least three days. In it usually subsides in about 400 thousand barrels per day. Loss of profits can reach millions of dollars.
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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 price of U.S. light crude went up and centered around 72 dollars a barrel during electronic trading today on the New York Petroleum Exchange, increasing for the first time in ten days. This gave rise to expectations that the data of the American Petroleum Institute, to be published today will show that U.S. stocks of raw energy decreased. U.S. is largest consumer of petroleum and petroleum products in the world, followed by China. The average forecast of analysts surveyed by Bloomberg, shows a decline in oil reserves of 2.75 million U.S. to 363.1 million barrels last week. Official figures of the American Petroleum Institute is expected before the end of today’s trading session in the U.S.. Price increase helped the successful auction of government securities of Spain, which was held yesterday, writes Bloomberg. The country sold 10-year government bonds for 6 billion euros, orders were submitted for 13 billion because of strong interest from investors. U.S. light crude for August delivery finished yesterday’s session with a fall in the price of 16 cents to 71.98 dollars a barrel. During the e-commerce Today it more expensive by 0.2 percent to 72.11 dollars a barrel. Since the beginning of this year its price has fallen by 9.2 per cent.
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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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