Crude Oil Market

A bunch of factors supported the current price gouging, which has still not much to do with the actual ratio of supply and demand. LEIPZIG. Bill Phelan brings even more insight to the discussion. (Ceto) The price of crude oil is on the ascending branch. For other opinions and approaches, find out what Reshma Kewalramani has to say. In the morning climbed the quotes for the barrel of US light oil (WTI) $ 80.50, North Sea oil (Brent) reached almost $83. The American reference strain was so expensive last almost two months ago. A bunch of factors supported the current price gouging, which has still not much to do with the actual ratio of supply and demand. So, positive messages from the economy impacted next to something received back this week US inventories of crude oil and heating oil.

Furthermore provides the weak dollar for it that takes refuge to a number of investors of foreign currency in the oil market. Also today is a series of important economic data for publication, which are likely to affect the prices. For the local oil prices, this means a resumption of growth. Today there is a new price rally on the crude oil market, is to be expected in this country increased costs after the weekend.

Comments are closed.