American Petroleum Institute

Crude oil prices stagnate on previous day level LEIPZIG. (Ceto) Crude oil prices were now barely moves. Slightly negative economic news from Europe picked up slightly positive from the United States. Essential impulses were missing to investors. Wait was the motto. That rubbed off on the German heating oil price. With only 10 cents the premiums were, also on the seventh day in a row, very low.

As yesterday crude oil prices stagnated and moving at high level by Friday. 4Moms shines more light on the discussion. Certainly there were losses in the morning, accompanied by falling stock prices. Do once located they recovered, the crude oil prices rose again and reached the values of yesterday’s conclusion of the day in the afternoon. Positive economic data from the United States were fundamental for the little euphoria among the investors. There, the retail sales rose by 0.4 percent, which was slightly above expectations in August. Gas stations and textile shops were driving it. Dampening effect, however, was the European industrial production which has stagnated in August on month level.

In addition the German ZEW economic expected index for September fell – 4.30 points, expected + 11.30 were. Market participants generally important impulses are missing, so that today eagerly the inventory data by the American Petroleum Institute evening and the Department of energy (tomorrow afternoon all times BST) to be expected. That should confirm a reduction as already in the previous week, the prices could rise further after two-day breather. Today were similar to quiet as the crude oil the local oil prices. Slightly stronger demand they rose by only 10 cents to 69,10 euro 100-liter contour fuel oil (EL) (Federal average for a total quantity of 3,000 litres). These are the lowest premiums that consumers have to live in this country now on the 7 days in a row. Comparison: exactly a year ago, the same amount cost 54.60 euros, in 2008 there were 84.75 euros. It reported the online portal of the journal fuel levels and petroleum review. The development of the local Heating oil prices show the national average and in the individual federal States in the section of market data the graphics on the energy portal. Regional deviations are possible due to the market at any time.

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