Ukrainian Globalist

BP plc (LON: BP) becomes attractive investment once again, following a string of failed trades and numerous scandals. BP plc (LON: BP) shares are rising to 393.65 points, gained +5.30 (1.36%) at the very beginning.

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Oil prices go into the minus. Quotes of the oil market on Thursday, June 17 on the basis of trades were closed with a decrease in value against the release of negative economic data. On the New York Stock Exchange New York Mercantile Exchange price of July futures for petroleum of mark Light Sweet decreased by 0.88, or 1.1%, and its price was 76.79 dollars per barrel.

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Gold prices may reach 1250 dollars by the end of the week. Oil prices are dropping every day. Quotes of the oil market on Friday, May 21 closed with a decrease in price amid fears about oversupply of oil in the U.S. and the possibility of slower economic growth in Europe. On the New York Stock Exchange New York Mercantile Exchange price of July futures for petroleum of mark Light Sweet fell by 0.76, or 1.1%, and its price was 70.04 dollars per barrel.

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Strong dollar saves OPEC from large losses in exports of oil, putting into question the willingness of OPEC to defend a certain price. This month, oil futures have fallen in price on American sites by 26%. 18-month intraday maximum of $ 87.15 per barrel on Thursday replaced a minimum of $ 64.24 per barrel. This is the lowest point since July 30. On Thursday, crude oil price set at $ 68.01 a barrel on the background of large stocks of raw materials, problems in Europe and the stock market crash.

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Exchange rate euro continues its’ falling. At the auction on Friday, the correction in global stock markets only deepened. In spite of good statistical data on the April retail sales (0.4%), Industrial Production (0.8%) and pre-computed on May consumer confidence index from the University of Michigan (73.3 points), the main U.S. indexes left by the end of day in a minus on 1,5-2%.

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Oil price WTI has today fallen below $70 per barrel firstly during last three months. Besides, oil has been cheapening just five weeks in a row. It is caused by the recession of euro which has lead to reducing of the demand of raw materials.

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Bidding oil contracts ended lower on Tuesday amid falling of quotations of optimism regarding the ability of admission to the EU rescue plan to stop the debt crisis, thereby reducing demand for fuel. In New York, by the end of trading on the NYMEX, the price of oil fell by 0.43 dollar (0.56%) to 76.37 dollar per barrel.

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The European Union puts the main task of saving its currency – euro. The exchange rate euro stabilized in growth. Euro exchange rate makes new troubles. Oil prices fell Tuesday below $ 76 a barrel after the financial market euphoria over 1 trillion fund for the EU has exhausted itself, reports Reuters. After a brief restoration of the euro against the dollar, the U.S. currency began to grow again to major currencies. The June contract for WTI Light fallen in price on 1.17 dollars to 75.63 dollars per barrel, Brent – at 0.88 dollars to 79.24 dollars per barrel.

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Black Gold is trying to get on their feet. Oil prices on world trading trying to stabilize against the background of a lull in commodity markets and European problems. One trillion dollars, which is trying to make Europe, has allowed oil prices to go into a slight plus. The stabilization mechanism involves the ability to quickly provision of government loans in such troubled countries as Portugal and Spain, the provision of state guarantees on loans.

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Oil-producing Gulf Arab countries show a complete indifference to the fall in oil prices, which lasts more than a week. At an energy conference almost all they talked about that until there is no need to hold an extraordinary meeting of OPEC. “I did not worry,” – said, in particular with regard to falling prices for “black gold” Ali al-Naimi, oil minister of Saudi Arabia, which serves as the core of OPEC.

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