Ukrainian Globalist

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.

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Oil prices fell today. Quotes of the oil market on Monday 28 June on the basis of bidding closed with a decrease in price in light of weakening demand for crude oil and refined products amid fears of a mature storm in the Gulf of Mexico. On the New York Stock Exchange New York Mercantile Exchange price of July futures for petroleum of mark Light Sweet fell by 0.61, or 0.8%, and its price was 78.25 dollars per barrel.

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Oil prices remained stable today. The factor that prevents the oil price rise, is the threat of falling demand in the euro area. Quotes of the oil market on Monday 21 June on the basis of trades were closed with an increase in value against the release of positive news about the yuan from the central bank of China.

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Dow Jones Industrial Average started the new marathon of growth thanks to the positive statistics and the uncertain action bears. Stock trades in the U.S. opened on June 2 after the rise of the leading indicators of sales in the previous session. At the time the Dow Jones index rose by +117.67 (1.17%) – up to 10,141.69 points, the index S & P – on 6.92 points (0.65%) to 1,077.63 points, the index of Nasdaq – by 13.22 points ( 0.59%) and amounted to 2,235.55 points. Positive effect on market participants now have a statement of central banks of Brazil, India, South Korea and Japan that financial institutions do not intend to abandon the euro in its reserves management strategies, despite European debt crisis.

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Oil prices are stabilized against the growth in demand for black gold. Quotes of the oil market on Monday, May 31 closed with a slight increase in price on the background of economic news and data. On the New York Stock Exchange New York Mercantile Exchange price of July futures for petroleum of mark Light Sweet rose by 0.12, or 0.1%, and its price was 74.09 dollars per barrel.

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2010 will not be good for oil. Oil prices could fall on Friday even stronger, but the support of the oil market has had a positive makrostatistika in the United States, notes senior analyst “Zerich Capital Management Victor Markov. As recalled by the expert, the price of oil and oil products on the basis of trades fell. At the InterContinental Exchange Futures in London, the price of futures Brent crude for delivery in July was $ 69.55 (- $ 1.62) per barrel. On the New York Mercantile Exchange in New York the price of oil varieties Light Sweet Crude for delivery in July was $ 68.75 (- $ 1.46) per barrel.

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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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