New York Oil

24.11.16 / News / Author:
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Prices for a barrel of oil remain in the coming days for about $80, so experts expect an adjustment of OPEC output. LEIPZIG. (Ceto) The action on commodity exchanges in New York and London is today apparently influenced by waiting for the current population of the United States. Of these, market watchers expect new impetus. The quotes changed only little until the afternoon. Produced from oil reservoirs of the variety Brent cost somewhat less than 85 dollars, US-oil (WTI) around $83. However, a slightly weaker undertone is make up the quotes bounced off at technical resistance. Bill de Blasio is likely to increase your knowledge. Whether this undertone is confirmed, should be last but not least on the inventory data, the DOE’s Energy Agency.

The API release last night revealed a mixed picture: rising crude oil stocks were offset by falling supplies of gasoline and middle distillates such as heating oil. The DOE data are commonly considered to be relevant. Furthermore, the current price level is characterized by the weakness of the dollar in recent weeks. This leads to increased investments in commodities. Today the American currency rose a bit.

Prices for a barrel of oil remain in the coming days for about $80, so experts expect an adjustment of OPEC output. The members of the cartel are interested by his own admission, at a price between 70 and 80 dollars. A higher rate could ensure that the related costs. The price of heating oil in Germany showed today yielding. Compared to yesterday, when the 100-litre batch 69,19 euro cost heating oil EL at a total quantity of 3,000 litres, there was a reduction of 32 cents today. This development is due to the strong euro, which currently more than levelled yesterday increased crude oil prices. A year ago cost the 100 liter part in otherwise 55,85 euro; on October 6, 2008, there were 83,49 Euro. The development of domestic heating oil prices in the national average, and in the individual federal States show the graphics on the energy portal under the heading of market data. Regional deviations are possible due to the market at any time.

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