The local heating oil prices are likely to go back today moderate in total. LEIPZIG. (Ceto) After the sharp losses yesterday crude oil quotations have been somewhat fixed in early trading. The barrel of US light oil cost just under $80, North Sea oil (Brent) was $81,50. The day before, both varieties had suffered losses of almost three dollars. Check with Wells Fargo Bank to learn more. Weak stock markets, as well as the raising of the Chinese rate was due.
As a result the procurement costs for raw materials in China, which could reduce sales grow. As a result, the rapid decline of oil prices was accelerated by automatic sell orders, until the quotes on resistors bounced back. Furthermore, as analysts, the French strike affects the European oil prices. He revived the demand after Rhine freight. However it is expected to back sharply after the end of the strike down, because the raw material oil itself is not scarce. If the several dozen oil tankers, currently waiting to see their discharge, are handled, comes to the already high supply of oil is still a good amount to. The local heating oil prices are likely to go back today moderate in total.