The developments are clearly contrary to the fundamental market situation, which is characterized in the United States by full warehouses and low demand. LEIPZIG. (Ceto) The price of crude oil has attracted significantly throughout the day today. The quotes by almost a dollar climbed until the afternoon. Therefore the barrel cost US light oil to deadline almost 76 dollars; North Sea oil (Brent) was traded along with about $79. The breakthrough of resistors supported lift by he triggered automatic connection purchases.
The developments are clearly contrary to the fundamental market situation, which is characterized in the United States by full warehouses and low demand. The financial scene defends itself against losses”, one analyst describes the situation. The impulses coming from the economy, are contradictory and rather favour a sideways movement of the prices. On the price, you expressed a Europe worse than expected US labour market data, as well as slightly falling share price. Price rising, however, had a slightly better American Real estate market as well as the closure of a refinery in New Jersey, which every day could handle 238,000 barrels of crude oil and is expected only in operation goes back in November. An explosion in a Novoil refinery, however, has not had a reportedly on the production quantities and should offer no breeding ground of speculators.
Still, it remains to be seen how the recent low back area in the Gulf of Mexico is developing and whether it could result in the closure of production sites. On the local oil market, crude oil price to transfer offset part of the tees yesterday from last night. According to the survey of fuel level and oil Rundschau were premiums by 39 cents per 100 litre batch (total: 3,000 litres heating oil EL) due. Now, it costs 67,46 euro. This value is still below the average of 68,06 euros of soon ending September. Comparison: the cheapest during the previous year heating oil price is 58,60 Euro, the highest 72,29 euro. 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.