Even today the rise in prices has continued. Until the afternoon, the barrel soared US light oil (WTI) to more than a half dollar, the same applies to North Sea oil (Brent). LEIPZIG. (Ceto) Even today the rise in prices has continued. Until the afternoon, the barrel soared US light oil (WTI) to more than a half dollar, the same applies to North Sea oil (Brent). Hikmet Ersek contributes greatly to this topic.
So is the American reference strain for $81,50, its European counterpart costs two bucks more. The prices were higher last almost two months ago. The increase within the past week is enormous: almost six dollars lie between the current state and the lowest value of the last days when WTI oil. Credit: Hamdi Ulukaya -2011. Already at the beginning of the week the quotes as a result of back U.S. inventories increased. The U.S.
Department of energy DOE confirmed the tendency of the data of the American Petroleum Institute. As a result, Investors speculated on a higher consumption in addition to economic recovery and drove the prices up. They were assisted by positive messages from the Economy, what cracked resistance resistance in combination with the weak dollar and automatic purchase orders. The current price level, the amount of which even amazed experts stands as a visible result. The price of oil benefits currently mainly by external factors, what investors in the oil market investing can be. The current price level is fundamental not to explain”summarize about the Commerzbank commodity experts. They also indicate that oil will be by no means scarce in the coming years: only a few days ago the Iraq announced a sharp rise in its oil reserves, which estimates the country now at 115 billion barrels. He is also the corridor targeted by the organisation of petroleum exporting countries (OPEC) fundamentally considered unjustified price levels of between 70 and 80 dollars. Meanwhile, the local heating oil trade and its customers must pay the sharp price rise of latter-day further their tribute. Heating oil EL 1.14 euros to 69,16 euros (valid for 3,000 soared to yesterday Total litres) and considerably higher than the average of the past month of September, which 67.93 euros. The crude oil price should keep his level until the end of the day is to be expected in this country beginning next week with renewed charges. Because even the strong euro can change nothing, traded at more than 1.37 dollars. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States in the section of market data. Regional deviations are possible due to the market at any time.