Gulf Oil

Crude oil prices break a LEIPZIG in the afternoon. (Ceto) The crude oil price has given clearly to the start of the week. While the quotes moved to midday at the level of the Friday, they lost about a dollar in the afternoon. US light oil (WTI) cost at the time thus still 76 dollars; North Sea oil (Brent) amounted to $78. As a reason for the drop, analysts called technical reactions by auto sales, which dynamicized the slight downward trend.

Previously, there had been some disappointing economic news from the United States. Also, there were sighs of relief from the Gulf of Mexico, that a tropical storm resulted in no adverse effects of the production. Furthermore, there is no significant loss of capacity due to problems at a large refinery. The current downward movement, however, also suits the fundamental situation, which is characterized by record inventories and weak demand. Other than the recent price increases for raw materials and stocks, which were the result of financial speculation according to experts. Meanwhile moved to the local heating oil prices hardly. According to survey by fuel level and oil Rundschau, they lost five cents compared to the lecture in the national average.

Thus the game of 100 litres heating oil EL currently costs 67,41 euros. This value is valid for a total supply of 3,000 litres. After the significant price losses in the crude oil is probably tomorrow with clearer tees. 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.

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