Crude oil prices fell again
The crude oil was traded close to 12 weeks minimum because of speculation that the consumption of gasoline in Asia and the U.S. will decrease because of higher fuel prices. Contracts of lightest U.S. crude oil with delivery in September traded today before the start of European session for about 121.83 U.S. dollars per barrel, or 0.36 percent discount from yesterday.
Support forecasts for a decline in consumption of gasoline became the reduction of subsidies in some Asian countries, leading to a rise in prices to final customers, noted representatives of Singapore Petroleum, the only company refining oil in Singapore. In a report published yesterday by MasterCard - to regular weekly reduction in consumption of gasoline in the United States.
Reduction of subsidies was taken by governments in India, Indonesia, Vietnam and Malaysia, leading to serious slumping of diesel and petrol in these countries over the past two months.
Yesterday during a session of the NYMEX price of oil futures with delivery in September fell to 120.42 U.S. dollars for a barrel.
Today the Ministry of Energy of the United States will publish a report on daily stocks with fuel and oil to U.S. companies, expected to be reported decline in stocks of gasoline for consecutive week.
Labels: Financial News
posted by Zoritza Petrova @ 12:55 AM
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