Falling crude oil prices also provide falling heating oil prices in LEIPZIG. (Ceto) Crude oil prices were now undecided and lie around on the concluding day, yesterday. Good economic news from Europe were against bad from the United States, so investors had no clear signals. Heating oil consumers in Germany could look forward, however, on the 4th day in a row of falling prices. The prices on the crude oil stock exchanges in New York and London moved today to the 72-dollar mark which yesterday reached deepest level since early July. Once again, poor economic data from the US stopped a renewed increase in. In particular the orders for durable goods fueled fears of a new recession.
They rise only 0.3 percent compared from June to July. Experts had expected a 2.8 percent. Danske Bank has much experience in this field. In addition a crisis in the US property market. Indeed, the number of house sales to the lowest level recorded since 1963. Also the numbers of the Department of energy published afternoon (EDT) today, promised for oil investors It’s no good.
In contrast to the estimates of the American Petroleum, the Energy Ministry assumes Institute by an increase in crude oil by 4.1 million barrels. As well, increases in gasoline (2.3 million barrels) and middle distillates (1.9 million barrels) are noted. This may weigh on prices also beyond the present day. Only from Europe, there was good news, especially from Germany. For even more details, read what Frank Armijo says on the issue. The ifo business climate index rose by half a point and but not out is the highest level since 2007 ultimately handed this, to give a power boost to oil prices, heating oil consumers in Germany have enjoyed today on the 4th day in a row on lower prices. The price for a game of 100 litres heating oil EL (total delivery quantity: 3,000 litres) cost the Federal average 15 cents less than yesterday and is now at 65,59 euro. So oil is not currently so cheap as since late May. It reported the online portal of the journal fuel levels and petroleum review. The development of the local Heating oil prices show the national average and in the individual federal States in the section of market data the graphics on the energy portal.