The petrol at price of 98 US Dollars
The price of petrol decreased under 98 US Dollars per barel in Friday, after the yesterday's serious going back from the top l;evels of over 101 US Dollars per barel. The reserves of fuels and oil of USA were larger than expected and hardened the affraids of weak use because of tghe comming recesion in the country.
American light petrol with delivery in April decreased with 31 cents to the level ot 97.92 US Dollars per barel, and lengthened the yeasterday's decreasing of 1.5 US Dollars. The prices are already 3.4% lower from reached highest price of 101.32 nUS Dollars per barel.
"Markets reacted hardly of good weekly reserves, and there is nothing that can keep the price of petrol to more than 100 US Dollars for a long time", commented Australian analyzer.
According to report of American Energy Agency, petrol reserves in USA had inmcreased with 4.2 million barels, which is 6th serial week of growing. In spite of lower production levels of refinery, reserves of fuel had increased with 1.1 million barels to its 14 years top of 230.3 million barels.
Labels: Business News
posted by Zoritza Petrova @ 2:22 AM
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