The crude oil price rose over the past day, as the quotations again turned to 77 dollars a barrel. This gave rise to some positive signs for the Chinese economy and the retreat of the dollar. Oil supported the second consecutive growth indexes in China. He came because data for increased domestic consumption, leading to increased profits of car manufacturers. This gives rise to expectations that demand for fuels in the country will increase. On the New York Stock Exchange yesterday, oil contracts with delivery in August increased its price by 0.7 percent to 76.54 dollars a barrel. The deadline for trading with them expires today, but this morning their price increased by 0.15 percent to 76.65 dollars a barrel. The September futures which are already traded more actively, rose 0.1 per cent to 77 dollars a barrel. This morning the euro managed to advance to 1,2968 EUR / USD, and again towards the attack rate of 1.30 dollars per euro.
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The crude oil price is back below $ 70 a barrel last night, blotting out its minimum height of yesterday’s trading session in New York. The decrease is mainly due to renewed subsidence of the euro, which in turn is under pressure because of problems in the banking sector in Spain. At the time the single currency is moving to a serious decline 1,2280 EUR / USD, which is a retreat from more than 100 pips for the night. This is due to fears that Spain is facing a banking crisis, since Saturday the country was nationalized Savings Bank CajaSur. Exchange in New York yesterday, the price of U.S. light crude rose 0.2 percent to 70.21 dollars a barrel. At night, however, quotes about lost 1.5 per cent this morning raw material traded on 69.13 dollars a barrel. Yesterday in London Brent with delivery in July fell 51 cents to 71.17 dollars per barrel, but this morning the price of raw materials fell by more dollars to 70.17 dollars a barrel. The price of crude oil supported the strong US Dollar and in end of Asian markets session, the USD reached new high levels.
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The price of crude oil has taken up during today’s e-commerce in Asia and losing his series broke the previous five sessions. Energy input has made its lowest price level since the beginning of the year yesterday, and fell below $ 70 a barrel, which tempted some market participants. The price of U.S. light crude rose by 0.8 percent to 70.64 dollars a barrel during electronic trading today after the session ended yesterday with a fall of 1.53 dollars to 70.08 dollars per barrel, which is lower price level for the past five months, announced Bloomberg. Feedstock for energy fell slightly to 69.27 dollars a barrel yesterday because of the strong appreciation of the dollar caused by lower risk appetite of investors. U.S. currency rose to 1.2335 dollars per euro, noting its highest level against the euro over the past four years. Brent with delivery in July, meanwhile, a more expensive one percent to 75.85 dollars a barrel in today’s electron hours trading on the London Petroleum Exchange. Oil futures dropped by 2.83 dollars or 3.6 percent, to finish yesterday’s session at a level of 75.10 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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