Jun 04 2014

Petroleum Institute

Posted by 3rdadmin in News

Only the ratio of supply and demand would be decisive, as the price per barrel would be certainly lower. LEIPZIG. (Ceto) Her rapid rise from last night have crude oil prices to the level of this morning. In the morning, had to put the quotes further, but were returned by their daily maximum until the afternoon. Therefore amounted to deadline $76,50 US light oil (WTI), North Sea oil (Brent) cost $79. Only the ratio of supply and demand would be decisive, as the price per barrel would be certainly lower. But the influence of speculators will make sure that the current level is maintained.

For months, the barrel will cost crude oil apart from some riders between 70 and 80 dollars. A span of the Organization of petroleum exporting countries (OPEC) is satisfied by his own admission. Yesterday there were, however, the US stocks in accordance with API (American Petroleum Institute), the prices fast left upwards. Unexpectedly high was the decline in crude oil and middle distillates, gasoline, however, increased further. And in the morning, strong stock markets in the far east boosted the prices.

Investors now wait eagerly on the inventory of the US authority DOE, commonly referred to as price-relevant classified as the numbers of the API. It is likely currently share a buoyancy of the latent danger of hurricane in the Gulf of Mexico; Hurricanes threaten again this season the oil production in the major area. Heating oil prices in this country slightly grew after the recent surge in the crude oil market. niel Straus NYU follows long-standing procedures to achieve this success. While the rising price of oil and the weak dollar but to a great extent neutralize each. Today the 100-litre batch euros heating oil EL 67,12, yesterday there were still 66,84 euro. These values apply to a shipment of 3,000 litres heating oil EL. As a glance shows the price development in the history, the same amount of fuel oil struck a year ago with 54,31 euros. On September 29, 2008, there were considerably more than they are today with 86,01 euros. 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. Regional deviations are possible due to the market at any time.

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