Corporation News

Business news, stock markets and finance » » Price of oil will not stop - marks a record after record

Price of oil will not stop - marks a record after record

The price of crude oil went above 142 dollars for a barrel today as a result of sales of stock exchanges, which invested significant resource to the stock markets. After strong growth of quotations of over $ 5 in the last session of the U.S. market and today we are witnesses of slumping record of strategic raw materials.

During the exchange of electronic commerce in New York oil contracts with delivery in August rose by almost 2 per cent (2.62 dollars) to a new historic peak of 142.26 dollars for a barrel. In London also registered a new record after the quotations jump to 1.6 percent (2.3 dollars) to record so far 142.13 dollars for the barrel.

The main factors to move the price from yesterday here are speech of President OPEK that black gold could reach 170 dollars for a barrel by the end of the summer and the threat of Libya that will be reduced exports of raw materials. For strong growth and contributed the decline of exchange indixes in the world, caused by sales in the U.S. from yesterday.

After the significant decline in indexes in Asia, in the European session is a decrease of 1.2 percent for the main German index DAX, 1,43 percent in Switzerland, 0.95 percent in France, etc.

Tags: , , , , , ,

Leave a Reply

  • RSS Market Archive

    • Executive Director of Internet company Yahoo is leaving his post
      One of the founders of Internet company Yahoo - Jerry Yang, is leaving his post of executive director. The move comes after serious criticism of its management to be strengthened after powerful decline in the price of shares in the company forward VVS. At present, shares in Yahoo worth $ 10 after earlier in the year [...]
    • Car manufacturers in China seek government assistance
      Car manufacturers in China seek government assistance and lower taxes in terms of falling demand for cars in the country, which is the second largest market sector in the world, reported Bloomberg. The situation is really serious, I hope the government can implement policies to stimulate demand, commented Tsinhun Ting, general manager of Guangzhou Automobile Group [...]
    • The price of oil continues to fall
      Oil started the week with a new reduction in its oil price. Main played a role in this news that Japan has entered into recession and that the biggest producer of oil in China reported “acute” shrinkage in demand. Today statistical offices in Japan, which is the second largest economy in the world, announced that the [...]
    • The meeting of G-20: The world has turned to a new economic order
      The meeting of leaders of 20 most powerful economies in the world G20 began. It takes place in Washington and could prove crucial for the future development of the global economy. According to analysts it will become clear whether the U.S. role as world leader will be retained and beyond. Some European leaders meeting today’s equivalent [...]
    • The price of oil lowest for the past 21 months
      Oil sank to levels below 55 dollars a barrel oil on the exchange in the U.S., which deepened cheapen its nearly 7 percent for the last day. Quotations made down because of fears that the slowing economy will lead to a decline in demand for raw materials. Yesterday U.S. data were published MasterCard, according to the [...]
  • RSS Business Gaze