Eugen Weinberg

01.05.18 / News / Author:
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Analysts rather justify the price increases with the chart technology. LEIPZIG. (Ceto) After his unexpected rise yesterday afternoon, the price of oil in the early trade has lodged a breather. In the wake of the opening of floor trading on the New York commodity exchange, NYMEX prices to around $1.50 were soared upwards. This morning the barrel cost US light oil 83,40 dollars; North Sea oil (Brent) amounted to $85. eal estate developer offers on the topic.. Please visit The Metropolitan Museum of Art if you seek more information.

Business news or fundamentals weren’t there, that triggered yesterday’s price rally. Analysts explain it rather the chart technology. Therefore, automatic purchase order would have ensured that the price of oil broke through resistance upwards. In the late afternoon the best dollar on oil prices pushed then, who returned as a result of their daily maximum. Trade still waiting for the weekly US inventory data as well as the provisions of the US reserve, whose monetary policy affects the value of the dollar. Is the FED with their quantitative Easing measures short of high market expectations, could lead this disappointment to financial markets, again fall the price of oil below $ 80 let.

“, so Commerzbank commodity expert Eugen Weinberg. The yesterday’s rise in the crude oil price and the losses that the euro against the dollar had to accept, German oil consumers are likely to give this year slightly rising costs. That reported the online portal of the journal fuel level and oil review on its website brennstoffspiegel.de. The Ceto news ticker provides a daily assessment of the development of crude oil and heating oil prices as well as important messages to the energy market. Interested parties who want to include it on their website, see it here: informationen_ceto_newsticker.pdf

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