Brent falls under the influence of profit-taking

Futures fell for Brent without $ 111 a barrel on profit taking selling after the surge that dominated the price last week, and affected gold prices data for stocks showed weak demand for fuel in the United States deactivated optimism that the largest world economies are recovering steadily .
Landed Brent as of time 06:55 GMT by 0.11% to record levels trading around $ 111.19 a barrel, and traded futures crude oil for February delivery currently levels $ 92.81 per barrel, recording the highest at $ 93.18 per barrel and a low of $ 92.73 a barrel compared to the opening price when $ 93.18 per barrel.
Controlled oscillators crude oil prices with anticipation markets interest rate decision for each of the European Central Bank and Bank of England later this week, which has the biggest impact on the European markets, fell European stocks and high-yielding currencies influenced by anticipation and that’s what a negative impact on crude oil prices.
The U.S. oil stocks data on Friday showed an increase in refined products and a sharp decline of crude imports in the last week of 2012 raised fears of weak demand for fuel.
The price of crude rose 2.5% last week after U.S. lawmakers reached a last-minute agreement to avoid the so-called “financial abyss” which tax increases and spending cuts threaten economic growth.

0 التعليقات:

إرسال تعليق