Price of oil barrel mark WTI on the basis of trades on the New York commodity exchange on Thursday, February 12, fell to 5.5 percent, down to the two-level, sends agency Reuters.
At the end of trading session, the price per barrel of oil settled on the North American mark of 33.98 to the dollar, losing thus 1,96 dollar, compared with the previous trading day. Previously, such a low price per barrel of oil was fixed at the auction on Dec. 19, 2008, said the agency.
The drop in oil prices, analysts believe, is due to an increase in stocks of raw materials in the U.S., as the U.S. government reported on Wednesday, February 11. In particular, it was reported that oil reserves in the world's largest repository of raw materials in the city Kashing, Oklahoma, reached 35 million barrels, came close to the designed capacity of reservoirs.
At the same time, the price of oil brand Brent at auction in London rose 37 cents, on the record 44.64 dollars per barrel of feedstock.
Meanwhile, the stock trades at U.S. sites have closed on Thursday differently. Dow Jones index lost 0.09 percent to 7,932.76 point, while the high-tech Nasdaq index and the broad market S & P 500 as a result of trades added to 0,73 and 0,17 percent respectively. At the end of the session Nasdaq trading at 1,541.71 points and the S & P 500 - 835.19 point, said Reuters.
Saturday, February 14, 2009
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