Saturday, March 8, 2008

Petrol price with new top

Petrol Tank
In closing of the market in Friday the prices of petrol slightly decreased, after earlier in the day reached its serial record of over 106 USD per barel. The basic causefor the new top of the prices of 106.34 USD per barel are buyings of speculants, hedging because of the weak dollar and inflation.
On the New York Merchantile Exchange (NYMEX) the price of April futures of American ligh petrol with brand Ligh Sweet Crude Oil decreased with 32 cents to 105.15 USD per barel. London's bret petrol was in prices of 102.38 USD, which is 23 cents less.
An Analyzer of futures options signed, that increasing of the prices in Friday was because of the changes of USD and the expectings, that Federal Reserve may had to decrease the interests much more. A report of American Government is showing second serial month decreasing of working places, This brought to some expectings for new interest decreases from FED and the dollar in the beginning of the day fell more.

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