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Commerzbank
by yudaica2013 ·
Compared with the week output value 69,17 euros per 100 litres heating oil delivery climbed 42 euro was cheaper. LEIPZIG. (Ceto) Almost seemed to have, no other way more than the upward oil know this week. The weak dollar was the main reason that many investors put their money into the commodity oil. As a result, commodity prices rose significantly. Last night a price loss was followed by the first after two weeks. This morning, the contracts were traded lower by nearly $2.50 as on Thursday morning.
US light oil (WTI) was thus approximately 81,50 dollars, North Sea oil (Brent) at 83.50 dollars. In the opinion of analysts strongly overbought profit-taking put a location, while auto sales accelerated the downward trend. More losses today at noon were compensated again after opening of floor trading in New York, so the prices even above the values of this morning climbed. Nevertheless, experts estimate the price level as too high. The high Stocks and freely available production capacities, as well as the risk of a further weakening of the quota discipline by the OPEC producers as commodity experts of Commerzbank militated against a permanent stay of the price of oil above 80 US$.
At a sustained fall in stocks was only to be expected with a stable price structure for $80. The price slump of the past fuel oil consumers enjoyed just before the weekend on significantly lower costs. According to survey by fuel level and oil Rundschau trade granted discounts amounting to 1.09 euro per 100 litre batch today, the price is now at 67.77 euros. This value reflects the national average for a total supply of 3,000 litres heating oil EL. When the full quantity, this means a saving of at least 35.97 euros opposite yesterday. Compared with the week output value 69,17 euros per 100 litres heating oil delivery climbed 42 euro was cheaper. The development of domestic heating oil prices in the National average and in the individual federal States, the graphics on the energy Portal show in the section of market data. Learn more about this topic with the insights from Glenn Dubin. Regional deviations are possible due to the market at any time.
Tags: business & economy, trade
