Member countries of the oil exporting countries have lost about 700 billion dollars because of falling oil prices, said in an interview the organization’s president Chakib Kelly, cited by the BBC.
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Futures of light crude oil with delivery in November closed at a level of 64.15 dollars for a barrel today in New York Exchange registered a fall of 3.69 dollars or 5.4 percent.
For the week “black gold” lost 11.1 percent of its value.
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The price of crude oil registered a minimum increase over the past hours, as the latest hurricane forecasts Icke is drawn to Houston, Texas, where the largest processing facilities of America. Because of fears of possible damage the capacity to work in the United States has already reduced by 12 percent in anticipation of entering the following day’s natural storm in the region, transmit Bloomberg.
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On the New York Stock Exchange on oil is more expensive, and contracts for the supply of oil for the month of September is concluded at a price for barrel petrol of 113.01 dollars. This price is lower by 1.44 of the price on Monday, and an absolute maximum stated on the New York Stock Exchange on 11 July this year was 34.26 dollars more than the price yesterday.
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France Press forwarded, that the exchanges in London and New York price of oil for the first time of three months has fallen below 120 dollars for a barrel.
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The price of oil pointed to another sharp rise during the last session exchange for the week. Reason for this became comments by Deputy Prime Minister of Israel, that with regard to Iranian nuclear program agenda “are open all possible actions”, transmit Bloomberg. For declarations of tension and help answer to the Iranian President Mahmoud Ahmadinejad that his country will “respond with force” to all foreign attempts to delay nuclear program.
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Oil marked the biggest drop in the price for the past 17 years, losing 4.4 percent only within the session yesterday in New York. Reason for sales data became MasterCard, the last week that demand for gasoline decreased by new 5.2 percent, marking 12 regular weekly decline.
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The price of crude oil hit a new record, after having appreciated by over 4 dollars because of fears that Israel will initiate military action against Iran.
To increase the quotations and expectations contribute to strike in Brazil and to each terrorist threats in Nigeria.
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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.
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The price of crude oil finished the week with a new record, came as a result of new setback for the dollar against the euro. For the appreciation of the material also impacted by weak U.S. economic data during the week, which proved negative impact on trade on stock exchanges. The strong decline in exchange indices globally from the last few days causes increasing attractiveness of investment in raw materials as a means of overcoming the negative effects of inflation.
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