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10.07.2012 16:42

Oil fell

Crude oil futures fell after it was reported that the strike ended in Norway. Text is positively influenced by market participants, causing a decline in prices. Recall that the strike could lead to stopping the production of the largest exporter of raw materials for Western Europe and China.

Futures fell 1.6% after the Norwegian government ordered a mandatory lock to prevent the platform workers. At the same time, the data came from China, which showed that crude oil imports dropped to 5.28 million barrels per day in June, its lowest level this year.

The price of oil has support for the middle Bollinger band on the daily chart at around $ 83.66 a barrel. Futures rose yesterday after trading close to this figure.

At the price of oil will also affect the data on oil reserves in the U.S., are likely to decline, as there were increasing amounts of oil refining to meet peak summer demand and reduce imports. According to average estimates of analysts, oil fell to 1380000 barrels during the seven weeks that ended July 6, and official figures tomorrow will present U.S. Department of Energy.

The cost of the August futures on U.S. light crude oil WTI (Light Sweet Crude Oil) on the NYMEX decreased and now stands at $ 85.00 a barrel.

August futures price for North Sea petroleum mix of mark Brent fell $ 1.22 to $ 99.06 a barrel on the ICE Futures Europe Exchange.


10.07.2012 17:44

European stocks close:

Market Focus

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