The crude oil prices further test their downward travel. Until yesterday afternoon, prices held for North Sea oil (Brent) and US light oil (WTI) its level; they slid then down in late trading. LEIPZIG. (Ceto) The crude oil prices further test their downward travel. Until yesterday afternoon, prices held for North Sea oil (Brent) and US light oil (WTI) its level; then, in late trading, it slipped down.
This morning the European variety was among 113 dollars; American oil cost less than 92 dollars. And analysts see further downward potential. Currently the price oppressive influences predominate markets clear, after investors due to the unresolved until the last minute US debt crisis had apparently fallen in a rigid, in their consequence, the commodity exchanges recorded barely larger movements. Poor U.S. economic data, a higher OPEC production, full warehouses and additional quantities of oil through the release of strategic reserves and low risk appetite of investors due to the uncertain situation in the euro area: are the factors that now again back into focus. Only delays in delivery for Brent, among other things caused by maintenance work, favour an expansion of the difference between the reference varieties. Local heating oil consumers must Meanwhile continue decreasing related costs set – whether the weather to cool for the season at least a small consolation. This article and many more information about the energy market found on the online portal of the journal fuel level and oil Rundschau under energiemarkt.html…