Cruide oil under 130 USD per barel
The crude oil with delivery in August got cheaper with more than 4 USD per barel, which was the third decrease this week. This time the basic features of lower prices were 2, futures of the Natural Gas got cheaper, because of the indications that global economy delay will decrease the requesting of the petrol and George Soros made his serial media speculation. There si also one more reason ffor decreasing of the cruide oil price, and this is the fact, that the term for signing agreements for delivery of crude oil is finishing today and the investors are directed to September futurers.
The August options at price of 130 USD per barel were the most traded options of NYMEX today. The futurers of the Natural Gas got cheaper with more than 7%, after the report of the Ministry of Energy about the stores of American companies, which increased with 4.71% in the last week. Now the stores are about 65.496 millions cubic meters, which is more than expectings. In the same time the data from last weeks showed delay in European, British, American and Chinese economies.
Yesterday in Forbes was published analyse, in which the billionaire investor George Soros had realized his short petrol possitions at price about 137 USD per barel and had abought a long possitions on the market in gold. According to Soros the price of the crude oil will continue to decrease and the gold will continue seriously to increase.
Labels: Financial News
posted by Zoritza Petrova @ 10:14 PM
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