The price of oil to a record for the last 17 years fall
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.
For the fall in prices affect speech and the chairman of the U.S. Federal Reserve Ben Bernanke, who warned both the risk of slowing growth and higher inflation. So he once again showed the complexity of the problems that stand before the monetary policy of the country.
During the session yesterday in New York the price of oil literally died, in 20:00 quotes fell by 9.26 dollars to 135.92 dollars for a barrel. Gradually trade stabilised, as ultimately the price of a barrel of oil supply in August at the end of trade was 138.74 dollars, or 6.44 dollars (4.4 percent) lower than the previous session.
Electronic platform to exchange oil continues to become cheaper as during the trading session in the new Asia lost 25 cents to 138.49 dollars for a barrel.
Futures of petrol are cheaper by 4.9 per cent (17.29 cents) yesterday at a price of 3.3848 dollars gallon. This is the biggest drop in the price of quite time here and is due to expectations of continued decline in demand in the coming weeks, transmit Bloomberg. Today is expected to be exported data on U.S. stocks, while petrol is not changing, as new forecasts a drop in demand.
In London the price of Brent yesterday with delivery in August fell by 3.6 per cent (5.17 dollars) to 138.75 dollars for a barrel. The deadline for the conclusion of such contracts ends today, that makes September futures traded in more. They are cheaper by 3.8 per cent yesterday (5.47 dollars) and ended the session at 139.86 dollars for a barrel. At the time Asia trade in the price of Brent was unchanged.
Price of oil will not stop - marks a record after record Serial record for price of crude oil Oil remained at low levels to the limit of 100 dollars Middle East oil fell to 122.10 dollars for a barrel Below 120 dollars for the barrel fell price of oil Cheap oil again, the price of oil fell Dynamic week of oil market Oil ended the week with a drop of over 11 percent Hong Kong creates a market for servicing China Fifth consecutive decline for exchanges in Asia House prices ‘fall to 2004 level’ Exchanges in Asia red again. New bankruptcy among Japanese companies in construction sector and lower ratings representatives of regional economy Consecutive decline in U.S. stock, S&P 500 also enters in Bear Market Mass panic scope and exchanges in Eastern Europe Russian export duties on oil up with 25% Bonds fall after record auction The data on employment pressed U.S. state indices, the serial drama data on the labor market in the U.S. 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 Red start of the month for Asian markets Opec agrees record oil output cut Oil price rises on Gaza conflict Bonds fall after $92B in auctions Dow Jones wiped their initial gains The euro board to new peaks Australia with the weak economic growth of eight years Auctions of stock and commodity markets have supported gold China to allow freer yuan trades High jump in the markets in the U.S. with substantial growth Bernanke: Inflation will be reduced Another bank failure in U.S. The Bank Silver State closed its banking business Member countries of the oil exporting countries lost 700 billion dollars due to cheapen oil Another 62 thousand Americans without job in June, unemployment was 5.5 percent Record numbers ‘face insolvency’ Record stock market falls in 2008 Price issues Inflation in Europe at lower level than nine months. Europe is in recession officially Exchanges in Romania, Austria, Iceland and Ukraine stopped trading House prices ‘will fall further’ Housing market sees another fall Fresh fall in US factory output Rescue plan for the economy of Australia Mutual fund assets fall nearly 3% in November WTO scraps plan for trade talks Central bankers: Asia deal with crisis Expect to 30% decline in housing prices in Spain Daimler refuses to buy Chrysler Cocoa prices hit a 23-year-high Cocoa prices hit a 23-year-high Cocoa prices hit a 23-year-high USA: The biggest bank failure in 24 yearsTags: asia, barrel, dollar, dollars, inflation, market, Markets, oil, oil export, oil prices, petrol, price, stock, stocks
