Financial Communique » petrol

The price of crude oil attacks 100 USD per barel again

Viliyana Filipova — Mon, 28 Feb 2011 10:30:24 +0000

The price of U.S. light crude again turned to attack the level of 100 dollars per barrel. The mainspring of the quotes at the start of trade in commodities this week again pressure in the Middle East and North Africa. The crude oil contracts for delivery in April, moving with a growth of 1.7 per cent Friday to 99.55 dollars per barrel. At an earlier stage quotes touched 99.96 dollars per barrel. Last week, the crude oil price jumped with 14 percent, marking its strongest weekly increase of 27 February 2009 onwards. The traded in London Brent oil does progressed 1.1 percent to 113.40 dollars per barrel. A little earlier Brent reached 114.50 dollars per barrel. In Libya the opponents of the regime of Muammar Kaddafi have taken control of a city located near Tripoli. The country has drawn up a provisional government, which has already announced that oil exports from the territory controlled by it will be under the supervision of the new government, writes Wall Street Journal. The region of the Middle East and North Africa remained unsettled and this weekend, with massive protests was in Oman and Tunisia.

Crude oil price may raise with 13%

Viliyana Filipova — Fri, 25 Feb 2011 13:07:49 +0000

The price of crude oil continues to rise in today’s electronic trading on commodity exchanges in New York and London under the influence of expectations that violence in Libya can stop or disrupt oil supplies from the third-largest producer in Africa. Within the last week the price of oil has raised a record pace for the last two, and noting their highest levels for the past two and a half years. Later today is expected the second statistical estimate of gross domestic product (GDP) of U.S. in the fourth quarter of last year. Forecasts of analysts suggest that the U.S. economy grew by 3.3 percent quarterly growth in initially announced by 3.2 per cent. Positive expectations for the data from the U.S. also supported the price of crude oil. Since the beginning of this week’s price of U.S. light crude was raised strongly by 13%. The analysts said the current high oil prices and food prices threaten the global economy recovers. The U.S. light crude for delivery in April rose by 0.5 percent to 97.72 dollars in today’s pre-trading on the New York Petroleum Exchange. The price yesterday jumped briefly above 103 dollars a barrel against the publications that two thirds of the production of crude oil in Libya was suspended due to the political crisis. Due to the rapid increases in oil countries and organizations with large oil reserves, the U.S., Saudi Arabia and the International Energy Agency (IEA), rushed to reassure markets that are able to compensate for any disruption in oil exports from Libya.
The Brent crude extracted in the North Sea, rising by 1% to 112.49 dollars in electronic trading in London today. The price yesterday was a bit to 119.79 dollars per barrel, before returning to 111.36 dollars per barrel. Brent has appreciated by 9.8 percent since the beginning of the week. Libya produced 1.6 million barrels of oil per day and the ninth-largest producer among the 12 states of the Organization of Petroleum Exporting Countries (OPEC). The country has the largest oil reserves in Africa, although Nigeria is the largest producer. Much of Libya’s oil exports go to countries in Europe.

Crude oil decreased to 70 USD per barrel

Viliyana Filipova — Wed, 25 Aug 2010 07:29:34 +0000

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.
Exchange in London yesterday by Brent oil fell 1.7 percent to 72.38 dollars a barrel. This morning barrel Brent with delivery in October traded for 72.72 dollars.

Crude oil price with strong growth to 80 USD per barrel

Viliyana Filipova — Tue, 03 Aug 2010 10:09:07 +0000

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.
This morning Brent is quoted at 80.88 dollars a barrel, up 0.07 per cent yesterday.

Crude oil with first decrease after two weeks growth

Viliyana Filipova — Fri, 25 Jun 2010 11:28:01 +0000

The price of crude oil remains below 77 dollars per barrel, resulting in what is about to record the first week retreat for the last three weeks. The reason for uncertainly movement of quotations gives renewed fears of economic development. Yesterday the price of black gold stabilized after two days of decline, which contributed data on the growth of durable goods orders in the U.S. and the decline in initial unemployment in the country. The crude oil contracts with delivery in August rose 16 cents minimum to 76.51 dollars a barrel. This morning also lost raw materials 0.3 percent to 76.29 dollars per barrel, but the quotations are about to rise for the week of 0.6 per cent. On the London Stock Exchange this morning Brent with delivery in August lost 0.22 percent to 76.30 dollars a barrel. The price started increasing after the fiasco of the US Dollar last month and hard offence over the crude oil prices.
So this sort of oil is directed to a weekly loss of 2 per cent.

Growing of the crude oil price

Viliyana Filipova — Mon, 17 May 2010 16:25:01 +0000

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.
Oil fell nearly 20 percent over the past two weeks after the debt crisis of Greece renewed concerns about the economic recovery of Europe.

The price of crude oil reached lowest point from last month

Viliyana Filipova — Fri, 16 Apr 2010 21:43:28 +0000

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.
Prices of other commodities such as gold, copper and sugar, also fell sharply after news that Goldman Sachs was concealed from investors important information about their proposed debt linked to high-risk mortgages in the U.S., with the result that they suffered losses approximately $ 1 billion.

Crude Oil price recovered after yesterday’s losses quickly

Viliyana Filipova — Tue, 08 Dec 2009 11:47:59 +0000

The prices of light crude oil rose for the first time in five days after it fell below $ 75 a barrel for the first time since October 13. This raw material prices made attractive as an alternative investment, said Bloomberg. Today’s move offers a wide range between $ 75 and $ 81 per barrel. “For some time the markets began to get used to the volatility of prices between $ 75 and $ 80 a barrel, but when a quote is closer to the lower limit, the players react immediately, buy items and the price returns to higher levels,” commented the market situation David Moore, commodity markets analyst at Commonwealth Bank of Australia. Lightest crude oil for delivery in January rose by 46 cents, or 0.6 percent, reaching $ 74.39 a barrel in electronic trading on the New York Mercantile Exchange. Yesterday marked the raw material to its lowest level since $ 73.93 a barrel, having dropped very quickly with $ 1.54, or 2% per cent, compared to the price at which stock exchanges closed at the end of last week. One of the reasons oil is cheaper to the statement of the President of the U.S. Federal Reserve Ben Bernanke, who said that the U.S. economy will have problems in three directions – the labor market, tight arrangements for lending and the availability of huge quantities of stocks of fuel in reduced demand.
According to Bloomberg first reaction of markets after the statement was to wait because of this raw material is dropped, but then investors rethink the message and redirected the money to spare oil. “The market today proves it. Low rates quickly sold out, “said an analyst from National Australia Bank Uestmor Ben. Variety “Brent with delivery in January also fell $ 1.09, or 1.4 percent, to $ 76.43 a barrel. Today, however, rapidly recover some of the loss and added 57 cents, or 0.8 percent, to $ 77 for barrel. In this situation it is normal for a dollar cheaper, said Bloomberg. The U.S. currency traded in Singapore at the level of $ 1.4841 per euro at $ 1.4827 per euro yesterday.