Due to the developments of yesterday on the commodity and foreign exchange markets, the oil price should remain in his move sideways. LEIPZIG. (Ceto) Crude oil prices have eased slightly in today’s early trading. The barrel of US light oil (WTI) was traded along with around 82 dollars, produced from oil reservoirs of Brent was about a dollar. Thus the two leading varieties move slightly below the day output values of yesterday. Analysts ascribed this mainly on profit-taking in the foreign exchange market, where the dollar lost ground.
Thus the reverse of American currency peg to the oil price showed up once more. Meanwhile, relax the situation in France: according to media reports, three of the twelve refineries could resume production. As soon as the many tankers waiting off the coast of are unloaded, significant amounts of oil on the market are likely to flock. Pressure on the price of oil comes from the Gulf of Mexico: tropical storm Richard is so far slowed down, that he the production in the major Aid is not impeded. New impetus would expect market participants of the U.S. stocks, which today (American Petroleum Institute) and to be published tomorrow (Department of energy). It remains however to be seen to what extent these figures are indicative. Because dealers arising from light stock gains in the crude oil; the product inventories, however, you want to lose a little.
Overall, the data as neutralize might be. Due to the developments of yesterday on the commodity and foreign exchange markets, the oil price should remain in his move sideways. May be with slight reductions expected. That reported the online portal of the journal fuel level and oil review on its website.