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.
The price of oil to a record for the last 17 years fall Serial record for price of crude oil Cheap oil again, the price of oil fell Middle East oil fell to 122.10 dollars for a barrel Oil remained at low levels to the limit of 100 dollars Dynamic week of oil market Below 120 dollars for the barrel fell price of oil Consecutive decline in U.S. stock, S&P 500 also enters in Bear Market Exchanges in Asia red again. New bankruptcy among Japanese companies in construction sector and lower ratings representatives of regional economy Hong Kong creates a market for servicing China Red start of the month for Asian markets Auctions of stock and commodity markets have supported gold Oil ended the week with a drop of over 11 percent 2008 - year of the bear market, world drop in economic growth Fifth consecutive decline for exchanges in Asia U.S. shares erased their initial gains. The outlook for long-term credit rating of Russia is “negative” and Gold-currency reserves of Russia decreased by 50 billion dollars Mass panic scope and exchanges in Eastern Europe Dow Jones wiped their initial gains Exchanges in Romania, Austria, Iceland and Ukraine stopped trading High jump in the markets in the U.S. with substantial growth Inflation in Europe at lower level than nine months. Europe is in recession officially Another 62 thousand Americans without job in June, unemployment was 5.5 percent The data on employment pressed U.S. state indices, the serial drama data on the labor market in the U.S. Member countries of the oil exporting countries lost 700 billion dollars due to cheapen oil JAT Airways auctioned by the end of July, starting price - 200 million euros Bernanke: Inflation will be reduced The euro board to new peaks Daimler refuses to buy Chrysler Russian export duties on oil up with 25% Bought Subdivisions and of Lehman in Europe and the Middle East Google disappoints the market despite the 35% growth in profits for quarter Shares of the week - storms Wells Fargo & Co. Merrill Lynch strongly disappointed investors off assets for $ 9.4 billion dollars The euro fell against the U.S. dollar. Avoid the currencies set a high income under pressure U.S. shares of the green, S&P 500 by 10 percent weekly rise World Bank gives USD 100 billion to developing markets New tumbled in sales of cars in Europe Another bank failure in U.S. The Bank Silver State closed its banking business Over 80 percent of Russian companies feel threatened by financial crisis Housing in Moscow more expensive by over 25% in first half of year Financial crisis hit and telecom sector Six-year peak of inflation in Slovenia Unemployment data hits oil price Oil price rises on Gaza conflict Australia with the weak economic growth of eight years Opec agrees record oil output cut Rosneft is planning investments in Eastern Europe G-20 will decide on coordinated stimulate the world economy China’s exports in record decline Price of petrol creeps up in 2009Tags: barrel, dollars, exchange, investment, Markets, oil, stock
