Light crude oil of Nymex price is going down
The price of light crude oil of Nymex continues with its decrease as a solid hit bottom yesterday to seven a week in bed for $ 123.90 per barel after data for strong rise in weekly stocks of gasoline in the U.S. and another decrease in consumption of petrol, although a noted oil stocks downturn.
In support of this continued strong drops in oil prices remain concerns about a slowdown in global consumption of petroleum and petroleum products to the economic slowdown in the U.S. and other major consumers of oil and the fact that Hurricane Dolly is not affected the important oil infrastructure in Mexico Bay. Only 5% of the oil companies working in the Gulf temporarily closed their plants.
Now price of loght crude oil is traded around $ 124.40/50 per barel after yeasterday's new fall with about $ 4, as oil is now down more than $ 23 for a barrel from its peak of $147.27 for a barrel on 11.07.08, which represents the strongest decrease in oil prices in history for such a short period (expressed in dollars) and represented 15% - ten drop - the largest since the beginning of 2007 here.
Labels: Business News
posted by Zoritza Petrova @ 1:29 AM
0 Comments:
Post a Comment
<< Home