Monday, January 28, 2008

Price of Petrol again round 90$ per barel

Petrol
The price of petrol started this week with negative results, because the investors started to take the winnings from the previous week. The expectings are that OPEC will not increase the daily extractive rates will stop the future decreasing of the petrol's price.
American light petrol with delivery in March, is trading with 84 cents lower this morning in the level of 89.87 US DOllars. Last week contract was reached the bottom of 86.11 US Dollars per barel, but after decreasing of interest level of FED, speculants started to buy petrol futures and increased the price to over 90 US dollars per barel. London's brent petrol is trading with 76 cents less on the price of 90.14 US Dollars per barel.
Investors will go out from their possitions before the meeting of OPEC, so that it is normal to see one more attempt for braking the bottom of 86 US Dollars per barel.", commented Japanese analysers.

Labels:

0 Comments:

Post a Comment

<< Home