Crude Oil Is Cheaper

Today, moderate discounts due to the market developments should arise on the oil market. LEIPZIG. (Ceto) After significant gains during the last few days the price of crude oil has lost today ground. Compared with the values of yesterday morning with almost three dollars fell off quite noticeably. Therefore the barrel cost 86,60 dollars US light oil (WTI) in early trading, North Sea oil (Brent) amounted to 86,70 dollars. A rise of the dollar, which in turn was responsible for profit-taking on the stock markets and commodity exchanges led to losses.

Automatic sell orders accelerated development. According to esyoil analyst Klaus Bergmann, there is currently absolutely comprehensible reasons for last higher prices. He calls the growing Chinese demand, lower US stocks as well as positive US economic data. A further price increase wasn’t mandatory but, since no oil shortage in the House in reasonable time. And also the OPEC has no doubts that the estate is quickly just oil, apparently because she takes it with AAM loyalty not very exactly she is reportedly 50 percent. On the local Bazaar in heating oil consumers can expect price increase in a row after eight days of falling costs. Today moderate discounts should arise as a result of market developments. That reported the online portal of the journal fuel level and oil review on its website brennstoffspiegel.de. The Ceto news ticker provides a daily assessment of the development of crude oil and heating oil prices as well as important messages to the energy market.