Petroleum falls of the 50 dollars
January 26th, 2010
The collapse of the price of continuous petroleum this morning with the price of the barrel falling for the first time in long time of the 50 dollars by fears of which the economic crisis will continue affecting the demand.
In the last day of negotiations by December contracts, the crude one fell other 3,35 dollars until the 50,27 dollars by barrel in the electronic commerce, although in a while of the day the barrel reached the 49,91 dollars.
In order a little while to remember where petroleum was below the 50 dollars we must close the eyes and think about those 18 of January of the 2007 when the barrel was dealt to 49,9 dollars in
New York Mercantile Exchange.
One week critical, in that negative reports, falls of the actions and lack of decision in the American salvataje for GM and Ford were published, they have presented/displayed a black future for the demand of petroleum in the future near.
Saying what all we thought, Phil Flynn, analyst of Alaron TRADING, have said that the economic backward movement continues cutting the demand of petroleum, which is translated in a fall in the international price.
The prices of the crude one have stayed in free fall per weeks since the investors are worried that the recession affects the developed nations, where the United States is the consuming major of the world and in the developing countries, that had in May growth in the demand.
The preoccupation by the demand of products derived from petroleum has colapsado the prices from the record of 147,27 dollars, reached in the middle of July, that has reduced the price of the gasoline anywhere in the world and has pushed some countries on the brink of madness deflation.
Finally maintaining us in the subject, several companies have been saying that they glide to modify his routes to sail around South Africa, after that pirates attacked a boat tank for some days.