Petroleum in its lower point in 13 months

oil-prices29952 After the small rise observed in the first days of the week, the price of the petroleum barrel returned to undergo a great fall in the first hours of Wednesday, by fears of which the salvatajes planned by the United States and Europe are not sufficient to avoid a severe slowing of the global economy. Next to the fears by the world-wide crisis, that has taken to an important fall in the demand by petroleum of the developed countries, the fall in the price of the barrel also has appeared as an effect of a recent study that says that the petroleum reserves of the United States have grown. According to you complete numbers of the market,

light petroleum for delivery in November underwent a fall of 2,69 dollars until the 75,94 dollars by barrel, from the 78,63 in which Tuesday had been closed, in the electronic commerce of New York Mercantile Exchange. When knowing these data, Gérard Rigby, a Fuel analyst First Consulting, said that people still think that the world-wide economy will enter recession in very just a short time. In addition I declare that the perspective of the people is that the salvataje will help the banks but the companies still are dismissing their workers. According to the OPEC the demand has fallen considerably in the developed countries, saying that the demand has been reduced near a million daily barrels in the last year, whereas the demand in the developing countries has grown 1,2 million barrels per day. Thinking about the future the numbers also they are inferiors to the thought thing, with considered that they say that the developed nations will only need 400,000 barrels more per day, whereas the growth in the developing countries is superior to 1,1 million barrels per day, great part of them pertaining to China and India. In spite of the present situation, several analysts have said that the petroleum barrel still could lower a little more before finding its floor, with the analyst Stephen saying that very surprising if we found the barrel in the 50 dollars before year end.

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