Oil prices continued to recover, a bullish trend has swept commodity markets. Prices for petroleum futures Brent and Light Sweet today recovered after four days of declines. However, the price of oil since the beginning of the day so far has not significantly changed after the day before they fell to their three-week minimum. Analitki await further increase oil prices.
Prices for Brent and Light Sweet oil futures remain practically unchanged over the past few hours, staying in the same range in which they were established about three hours earlier. Oil prices futures transactions were ($ / bbl.): – Light, Sweet Crude Oil (August) – 74.56 (-1.07) in the range of quotations 74,21-75,40; – IPE Brent Crude (August) – 73.91 (-1.10) in the range of quotations 73,56-74,65.
Oil prices do not cease to grow the entire trading today. Oil futures Brent and Light Sweet traded in the positive zone. Prices of oil futures have risen since the beginning of the day by about 0.5%, after the day before they fell in one day at 3% and for the first two weeks have been established below the level of 76 dollars per barrel.
Oil prices go into the red zone at the auction commodity markets. A significant decrease in demand is due to concerns buyers situation in the euro area. Oil futures Brent and Light Sweet have fallen in price since the beginning of the day more than $ 1 per barrel. At the moment the price of oil futures transactions were ($ / bbl.): – Light, Sweet Crude Oil (July) – 76.77 (-1.0557) in the range of quotations 76,53-77,84; – IPE Brent Crude (August) – 77.80 (-1.02) in the range of quotations 77,56-78,82.
Oil prices are rising fast enough, that was a surprise to the bears today. Brent oil price at today’s auction could not reach 14 cents to a mark 80 dollars / barrel. Thus, the maximum price the deal on Brent futures today was 79.86 dollars per barrel. – The highest quotation from 14 May this year Meanwhile, the growth of quotations Light Sweet yet confined mark of $ 78.87 per barrel. – Also a maximum of five weeks.