Prices for crude oil are in high in London and downwards in New York, and the negative trend of the market, due to fears that the demand for fuel will decrease as the world economies into recession.
Pedro Duarte
At 17h06, a barrel of Brent (oil of reference in Europe) for delivery in January was negotiated in the ICE in London to rise 59 cents to 48.67 dollars, after arriving to fall to a minimum since February 2005 in 47 , 40 dollars.
At the same time, the January contract of West Texas Intermediate (the reference oil in the U.S.) were traded on NYMEX in New York to lose 10 cents to 49.32 dollars, having come to be negotiated in the lowest since May 2005 in 48.25 U.S. dollars.
According to experts contacted by Bloomberg, the European and Asian companies are to join their North American counterparts in redulão the use of fuels and has both the Organization of Petroleum Exporting Countries (OPEC), the International Energy Agency ( IEA) and the Department of Energy (DoE) of the United States this month revised down its forecast for global demand crescimetno.
"The oil is acting as a sort of indicator of Economy," Bloomberg told a manager of FIG Partners Energy Research & Capital Group, what price that "while opinion that the economy is sinking, the sentiment in the oil market will be negative. "
Already the operator of senior Alaron Trading, Phil Flynn, the Bloomberg noted that "the news recessionary are indicative of a demand the destruction of a historic scale. There's a lot of negative sentiment in the market, and yesterday's failure to obtain a package of Aid the largest automotive manufacturers has helped to increase this perception. "
Pedro Duarte
At 17h06, a barrel of Brent (oil of reference in Europe) for delivery in January was negotiated in the ICE in London to rise 59 cents to 48.67 dollars, after arriving to fall to a minimum since February 2005 in 47 , 40 dollars.
At the same time, the January contract of West Texas Intermediate (the reference oil in the U.S.) were traded on NYMEX in New York to lose 10 cents to 49.32 dollars, having come to be negotiated in the lowest since May 2005 in 48.25 U.S. dollars.
According to experts contacted by Bloomberg, the European and Asian companies are to join their North American counterparts in redulão the use of fuels and has both the Organization of Petroleum Exporting Countries (OPEC), the International Energy Agency ( IEA) and the Department of Energy (DoE) of the United States this month revised down its forecast for global demand crescimetno.
"The oil is acting as a sort of indicator of Economy," Bloomberg told a manager of FIG Partners Energy Research & Capital Group, what price that "while opinion that the economy is sinking, the sentiment in the oil market will be negative. "
Already the operator of senior Alaron Trading, Phil Flynn, the Bloomberg noted that "the news recessionary are indicative of a demand the destruction of a historic scale. There's a lot of negative sentiment in the market, and yesterday's failure to obtain a package of Aid the largest automotive manufacturers has helped to increase this perception. "
No comments:
Post a Comment