Crude oil prices have fluctuated throughout the previous day at a high level. LEIPZIG. (Ceto) Crude oil prices have fluctuated throughout the previous day at a high level. The barrel of US light oil (WTI) was traded in the afternoon to 83.50 dollars; North Sea oil (Brent) cost almost $85. In early trading, the quotes were significantly increased, but then bounced back under their daily output values. For this had led plus the significantly weaker dollar, positive equity markets, as well as the unexpected inventory declines in the oil reserves of the United States.
Economic data from the United States including unemployment benefits and trade balance, pretended, meanwhile, no clear direction. Meanwhile, OPEC decided their production level will in Vienna as expected. Price supportive, however, is the ongoing strike in France which lays down among oil loading ports and refineries. Also controls the tropical storm Paula”on the Gulf of Mexico too, currently it is located west of Cuba. It is not excluded, that he the oil production is hampered. Part two of the inventory data could bring new impetus to the markets, today published by the U.S. Department of energy DOE. She reported similar declines and thus confirmed the figures of the API (American Petroleum Institute), so analysts expect further buying activities.
Not surprisingly, meanwhile, through the development of the market, that local oil prices have risen to yesterday. The game of 100 litres heating oil EL (total delivery quantity: 3,000 litres) cost 68,79 euro 62 cents with more than on the previous day. A look in database of fuel level and oil review shows that the current price level is still quite moderate and it speaks to populate the stocks, if it has not already. According to experts, it is unlikely that much will change in the coming weeks on the ruling move sideways. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States under the heading of market data. Regional deviations are possible due to the market at any time.