Oil prices on the NYMEX Exchange fell during the auction on 21 April following a psychologically important mark of 45 dollars per barrel. At 18:00 Moscow time barrel mark WTI crude oil supply in May, dropped in price relative to the previous day's closing at 1.27 dollars to 44.61 dollars.
At the same time, the June futures on the North Sea mark Brent have fallen in price by 90 cents to 48.96 dollars. At the auction on 20 April, both brands cheaper eight per cent.
Oil prices are falling because of fears of investors about the collapse in global demand for hydrocarbons. The International Energy Agency (IEA), world oil consumption in 2009 decreased by 2.5 percent. Thus, the first time since the eighties of the demand will fall within two years.
At the price also has increased the pressure the U.S. dollar. Over the past three days, the U.S. currency to the euro grew by 3 per cent. Dollar rise has meant that investors seek to sell other securities and futures, are they available. At higher dollar commodity prices are falling, with the exception, usually gold.
Wednesday, April 22, 2009
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