Kraft Foods Inc. (NYSE: KFT) is 29.74 points, losing -0.53 (-1.77%). Analysts believe that the company’s shares will rise against the background of the new Brazilian project.
Tyson Foods, Inc. (NYSE: TSN) continues to decline in price. Tyson Foods, Inc. shares up 16.44 points, losing -0.70 (-4.08%), despite the positive reports of the company.
Exxon Mobil Corporation (NYSE: XOM) stood at 61.97 points, losing more than -0.74 (-1.18%). ConocoPhillips (NYSE: COP) fell to 56.93 points, losing -0.77 points or -1.33%.
Oil prices rise sharply today. Oil has risen to $ 81.38 a barrel on the background of the rally in global stock markets, which supports the optimism about the recovery of demand. The price of September futures contracts on petroleum of mark WTI in electronic trading of the New York Mercantile Exchange (NYMEX) rose in the morning compared to August 2 at $ 0,04 (0,05%), to $ 81.38 per barrel.
ArcelorMittal SA, largest steel company all over the world, said that the jump in sales and price increases helped it to generate a profit of $ 1.7 billion in the II quarter. The company stated that it intends to sell the unit for the production of stainless steel.
Oil prices continued mixed dynamics today. Friday’s collapse has been changed for the oil price climbing today. However, oil prices this afternoon, traded on the positive territory, fell again – down from the beginning of the day by 0,7%.
Gold prices continued its negative trend today. Gold does not keep its price position and once again showed the fall – this time below the level of 1,190.00 dollars per ounce. Thus the collapse wiped out price increases the previous week. London cash market of precious metals opened today fall in gold prices to the level of 1,189.00 dollars per ounce.
Ecuador and Venezuela have decided to seize the oil fields. Oil prices begin to rise today already. President Rafael Correa of Ecuador has introduced a law that allowed municipalities to nationalize the oil fields, if a private company that owns them, refuses to enforce local laws.
World gold prices have led the Indian yellow metal to fall. Gold prices drop to lowest marks in recent months in India today. Gold prices on Friday, July 23 decreased after the publication of the results of stress tests of European banks. As a result of the regular trading session on the New York Mercantile Exchange, NYMEX, the August futures for gold delivery have fallen by 0,7% to $ 1,187.80 per troy ounce.
The increase in wheat prices was resumed on the world grain market. Prices for a bushel of wheat went up by 2,3% and reached 5.9025 dollars at the Chicago Mercantile Exchange.
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