Showing posts with label The Petrol Price. Show all posts
Showing posts with label The Petrol Price. Show all posts

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.

Wednesday, February 27, 2008

The petrol with new highest price

Petrol sond
The price of the petrol increased again to reach the new op level of more than 101 US Dollars per barel on Wednesday, because of the strongest datas for American inflation, which devaluated the US Dollars and it gone under 1.50 USD per 1 EUR.
The American light petrolgrowed with 66 cents to 101.54 USD per barel, and earlier even touched the top of 101.70 USD. In spite of this the crude oil is still under the top level ever of 102.53 USD, made is 1980. London's brent petrol growed with 67 cents to the price of 100.14 USD per barel, and earlier got the top price of 100.30 USD.
The biggest request of fuels for heatirg is USA and Europe, and the clearer signals that OPEC will not increase the daily productional rates in the meeting next Wednesday, continue to keep unreal high price of the petrol.