Petroleum returns to the 34 dollars
January 26th, 2010
The price of the petroleum barrel has returned to surpass the 34 dollars in spite of world-wide fears on the weakness of the American economy, that continuous affecting the international prices of this commodity.
International the financial crisis has taken to that the prices of petroleum fall more than 110 dollars in only six months, and the fears of which the demand continues falling by world-wide unemployment continue growing.
David Moore, a strategist of the Bank of Australia, said that the economic indicators in the developed countries stay very weak, and these data are affecting the price of the petroleum, that is based on the idea of supply and demand.
In you complete hours of Thursday, crude the
light one reclaimed 80 cents until the 34,78 dollars by barrel after to lose 1,96 dollars in New York. In addition, the Brent of London for April increased 31 cents until the 46,34 dollars.
Bond to remember that in the first days of the week, the Administration of Information Energetics reported an increase in the reserves of crude world-wide by seventh consecutive week, blaming to the fall in the demand of gasoline by the economic crisis.
Returning to the United States, many thought that the approval of the new package of stimulus would help to the industry energetics, but several analysts have questioned the benefit that the price can have the future near.
Tags: Market of Oil, Price of Oil