Oil prices are trying to break up after a failed attempt to climb yesterday. Since the beginning of the current day prices for petroleum futures Brent and Light Sweet have risen by about 0,5%. Factors to the rise in oil prices has a long list, but the players of the oil market appears nowhere in no hurry to pending publication of the official report of the U.S. Department of Energy, which will be released tomorrow.
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%.
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.
Bulls continue to increase trading volumes of oil. Oil prices are rising today. Oil futures Brent and Light Sweet traded significantly higher than the $ 75 per barrel. While remaining in the last few hours in the positive zone. At the time oil prices oil of futures transactions are ($ / bbl.): – Light, Sweet Crude Oil (July) – 75.85 (0.73) with a range of quotations 74,62-76,03; – IPE Brent Crude (July) – 76,19 (0.99) with a range of quotations 74,79-76,26.
Dow Jones Industrial Average falls in early trading on the U.S. stock market. The negative statistics from the Eurozone countries and the collapse in Asian stock markets provokes minus the U.S. market. Dow Jones Industrial increases by 0.39%, trading volume remains low. Everything depends on oil prices.
Oil prices have not been able to maintain a positive trend. Oil futures Brent and Light Sweet traded in negative zone below 73 dollars per barrel. At the moment the price of oil futures transactions were ($ / bbl.): Light, Sweet Crude Oil (July) – 72.36 (-0.22) with the range of quotations 71,76-72,94; IPE Brent Crude (July) – 72.60 (-0.11) in the range of quotations 72,06-73,10.
Prices for oil futures Brent and Light Sweet continues to decline, while the cost of the main contract on the New York Mercantile Exchange (NYMEX) fell below $ 68 per barrel. On the eve of futures on U.S. light crude on the NYMEX closed at 70.21 dollars per barrel.