Dow Jones Industrial Average: tension increases

Dow Jones Industrial scared of expensive oil

In brief: Dow Jones Industrial Average began to decline in futures trading in the U.S.. The reason was to reduce oil, which gradually becomes more expensive on a background of growing demand in world markets.

Rising oil prices triggers Dow Jones Industrial Average to a decrease in futures trading in the U.S.. The opening of the stock market will be extremely tight – believe brokers. Dow Jones Industrial Average may go into a negative zone from the start of trading on fondovos U.S. market – experts say. Meanwhile, oil prices are not falling.

The average price of the North Sea oil mixture BFOE (Brent, Forties, Oseberg, Ekofisk), expressed in terms of stock market indicator IPE Brent Index, today the second day, still above the $ 74 per barrel and changed little during the day. Price of oil mixture BFOE today fell by 10 cents to 74.69 dollars per barrel. Should be reminded that the price of oil mixture BFOE reached the maximum value for the eight trading days, reaching 74.79 dollars per barrel. Note, stock indicator IPE Brent Index is calculated on the ICE Futures Europe on a daily basis by the middle of trades, and its price value, steady on the day following completion of the contract period for IPE Brent Crude futures of the month of delivery, determines the final price calculation in the performance of transactions on that instrument. Oil mixture BFOE is the base grade for the markets of Europe and the Mediterranean. Reference price BFOE used as a basis for determining the level of prices for other oil brand in the light of their qualitative differences and the geographical location of items shipped.

Ukrainian Globalist
2010-06-01 12:23, Economics.

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