Oil on the stock exchanges in New York and London on the basis of trading in Thursday, 9 September 2010. Again become cheaper. Prices of oil futures declined on the eve of an average of 0,75%.
The results of trading on the stock exchange for oil contracts the first position on Sept. 9 were:
- New York Mercantile Exchange, on an urgent New York Mercantile Exchange (NYMEX) the official price of the futures Light, Sweet Crude Oil (October) dropped to 0,4 dollars (-0,6%) and set at around U.S. $ 74.25 barrel. (The lowest since September 7) at the price range of transactions per session 73,88-75,96 per barrel.;
- In London on an electronic commodity exchange InterContinental Exchange Futures Europe (ICE Futures Europe) The official price for the futures IPE Brent Crude (October) decreased by 0,7 dollars (-0,9%) and set at around 77.47 dollars per barrel . (The lowest since Sept. 6) at the price range of transactions per session 77-78,82 dollars per barrel.
Oil prices fell on the eve of, despite the fact that in the U.S. following last week reduced crude oil, gasoline and heavy distillates. Experts say falling prices for oil futures was due to the persistence of low demand for petroleum energy in the U.S., as indicated by official data published on the eve of U.S. Department of Energy (US Department of Energy) on oil and petroleum products in the country.
As at 3 September 2010. commercial stocks of crude oil in the U.S. declined for the week by 1.9 million barrels., petrol - on 200 thousand barrels., heavy distillates - by 400 thousand barrels. Crude oil in the U.S. declined during the week was more significant than industry experts predicted. However, this positive news was offset by slower than expected decrease in gasoline inventories. Reduction of heavy distillates stocks was another surprise for the market, but also caused no increase in prices for oil futures.
How should data from the main power U.S. agencies, reducing oil stocks fell by oil imports, rather than increased consumption of petroleum products. Thus, the importation of "black gold" in the U.S. during the week fell by 8,2% and amounted to 8.885 million barrels per day. This is the lowest since mid-April this year Meanwhile, U.S. gasoline consumption per week decreased by approximately 1% - from 9.4 million to 9.3 million barrels per day, but heavy demand for distillates has hardly changed, remaining at 9.3 million barrels per day.
At the same time the dollar on Sept. 9 has strengthened its position in the global currency market, which further reduced the attractiveness of speculative oil futures. On the eve of dollar increased against the euro, British pound and Swiss franc, which has greatly contributed to macroeconomic statistics from the U.S..
