The crude oil prices went up again, finding support in better-than-expected data on the labor market in the US and restoration of shares of Wall Street losses. Last night in New York futures on US light crude rose 2.04 USD or 2.1 percent, to 97.78 USD a barrel. The price of black gold continues to rise and during today’s e-commerce in Asia, reaching a level of 98.25 USD per barrel. At the end of the session price is 98.07 dollars. In London, the barrel of Brent is quoted at 113.55 USD.
“While price uncertainty may test the 100 USD level,” said Ken Hasegava, a broker based in Tokyo Newedge Group. More on Wednesday the International Energy Agency (IEA) predicted that oil prices could reach 150 USD “in the short term”. However, the agency lowered its forecast for crude demand for this and next year because of economic slowdown in the USA, China and Japan. The analysts from Commerzbank, quoted by MarketWatch, indicate that oil imports in China has shrunk by 1.6% in October compared to September. On an annual basis in October of oil imports in the country has decreased by nearly 27% to 20.8 million metric tons.

The price of oil fell in New York as investors fear that crude demand will fall because of signs of slower growth of U.S. economy – the largest user of oil. The futures fell 2.1%. “Weakness in the euro area and the possibility of re-recession, pulling oil prices down”, said Ben Westmor, an economist at National Australia Bank in Melbourne, which predicts that futures will cost an average 93 dollars in the third quarter. The price of oil for delivery in September dropped by 1.72 dollars to 80.66 dollars a barrel in electronic trading in New York. Yesterday contracts fell 5.9 percent to 82.38 dollars. For the week the price has lost 4.6 percent. The price of Brent crude oil for October delivery fell 71 cents, or 0.7 percent, to 106.28 dollars a barrel in London trade. The price dropped by 1.6 percent for the week, but 16% higher than last year.

The price of U.S. light crude climbed above 108 dollars in today’s e-commerce in Asia, while stock indexes in the region stood at their highest levels for the past three years. The ongoing civil protests in Yemen and clashes between rebels and military forces of Muammar Gaddafi in Libya will keep oil markets under pressure this week because of their impact on the export of energy raw materials from countries in the region. The U.S. light crude for delivery in May, rising by 0.3 percent to 108.25 dollars per barrel, while Brent traded with an increase of 0.2 percent to 118.98 dollars per barrel. At the end of Friday’s session price of U.S. crude oil recorded its highest levels for the past 30 months, and this year have risen by 19%. For the price of oil helped better-than-expected data on the labor market in the U.S. on Friday, heightened hopes that the U.S. economy will continue to recover, which will carry a greater consumption of energy resources. The price of U.S. light crude jumped by more than 1 percent on Friday to its highest level in two and a half years after employment in U.S. economy has increased significantly for the second straight month in March and the unemployment rate in the country fell to two-year low of 8.8 per cent. The May oil futures rose 1.22 dollars or 1.1 percent, to end the session on Friday at a level of 107.94 dollars a barrel. Besides the threat of disruption of oil from the Middle East and North Africa, the price will probably reflect the upcoming presidential elections in Nigeria, which is the largest producer of oil on the African continent, writes Reuters.
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The crude oil prices fell in the hours prior to today’s stock exchange trading in New York but remains permanently above the psychological $ 100 a barrel. Cheaper energy input comes after the next portion of data increasing oil reserves the U.S. The U.S. light crude for May delivery traded with a fall of 0.3 percent to 104.51 dollars per barrel. The weekly report from the American Petroleum Institute showed at the end of yesterday’s regular trading session in the U.S. that stocks of crude oil in the country increased by 5.7 million barrels last week. This is the fourth consecutive weekly increase their certificates and limited demand for raw materials in the largest economy in the world. U.S. economic data yesterday also showed that consumer attitudes about the economy have deteriorated sharply in March. The price of U.S. light crude has risen by 14% since the beginning of this year and ended yesterday’s session with a rise from 81 cents to 104.79 dollars per barrel. Only in March the energy input is appreciated by 7,6 per cent. The Brent crude cheaper by 0.2 percent to 114.99 dollars a barrel in electronic trading today after yesterday my price rose by 0.3 percent to 115.16 dollars per barrel.
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The crude oil prices headed to their third straight weekly increase, as of early this week has risen by 4.2 per cent. With a major influence on this situation in Libya, but largely to the rising cost of raw materials influence and positive news for the labor market in the U.S. The crude oil sighed its longest positive series of 8 October now, as then recently been reported increase in commodity prices in three consecutive weeks. Yesterday in the U.S. the crude oil contracts for delivery in April decreased by 0.3 percent to 101.91 dollars per barrel, but at night the quotations rose 0.8 percent to 102.72 dollars per barrel. The London Stock Exchange yesterday the price of the Brent oil slid 1.3 percent to 114.79 dollars per bar. During the Asian trading, however, black gold make up the majority of lost and today Brent again points to 116 dollars a barrel. The crude oil market had some relief yesterday after speculation that Libya will start negotiations with the opposition in control of a broad international committee. This information, however, was rejected by Tripoli and took up quotes again.

The price of U.S. light crude jumped above 92 dollars a barrel after data expansion of the factory sector in the U.S. and the eurozone in December, which came out yesterday. The quotes of oil for February delivery rose briefly with 1% to 92.58 dollars a barrel on the New York Petroleum Exchange on Monday. This is the highest price of energy raw materials by October 2008, writes Reuters. Regular session in New York ended with the oil price rises by 0.2 percent to 91.55 dollars per barrel. During today’s pre-trade price decreased by 0.1 percent to 91.42 dollars per barrel. The petroleum exchange in London Brent crude lost 0.1 percent to 94.77 dollars per barrel. Yesterday the price rose 9 cents to 94.84 dollars per barrel, the highest level since October 1st, 2008. For the jump in oil prices yesterday helped forecast low temperatures in the U.S. and Northern Europe over the next ten days. The oil prices increased by 15 percent last year. Meanwhile, gold prices set a new record, ending the first trading session of 2011 at 422.90 dollars an ounce. The price of the metal, which rose 30% last year, came on December 7 at its strong historical intra-day level since 1432, $ 50 an ounce.
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The crude oil price rose over 3% to near 79 dollars a barrel after the National Center for hurricanes in the United States estimated that 80% is likely forming tropical storm in the Atlantic to strike the Gulf this weekend. This will disrupt oil production in the bay and will make cleaning the oil spill caused by the explosion and sinking of the oil platform BP Deepwater Horizon. About 31%, or 1.69 million barrels of daily production of crude oil in the U.S. comes from platforms in the Gulf of Mexico. The strong rise in the price of energy and raw materials contributed depreciation of the dollar which retreated from almost all major currencies. Oil futures rose 3.1 percent, or 2.35 dollars to finish the trade in New York at the level of 78.86 dollars a barrel. This was the biggest daily rise since June 9 and the highest price level for last seven weeks. Euro more expensive by about half a percent against the dollar to 1.2387 dollars per euro. Fall of course the dollar and lowers oil price expressed in other currencies. This increased the Brenta to 1.86 dollars or 2.4 percent, to 78.33 dollars per barrel on the International Petroleum Exchange in London.
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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 crude oil back above the level of 84 dollars a barrel and more expensive for a second day today after data from the American Petroleum Institute yesterday showed that inventories of crude oil in the country fell unexpectedly by 741 thousand barrels last week. Good financial results of several large U.S. companies from financial, technological and consumer sector also supported the positive investor sentiment about economic recovery, which would increase energy demand for raw materials sent Bloomberg. U.S. light crude oil is traded on the New York Petroleum Exchange, more expensive by 0.7 percent to 84.41 dollars a barrel in today’s times of e-commerce. The price of the June oil futures rose 72 cents to finish yesterday’s session at the level of 83.85 dollars a barrel. Oil with delivery in May, whose futures expired yesterday, rose $ 2 to 83.45 dollars a barrel. Meanwhile, the International Petroleum Exchange in London Brent crude supply in June with more expensive by 0.7% to 85.40 dollars a barrel in electronic trading today. The June futures ended yesterday oil session to increase the price of 57 cents, or 0.7 percent, to 84.80 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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