The price of oil to third weekly drop

The price of oil marked the third consecutive decrease on a weekly basis. The reason for this week’s auctions have news for the labor sector in the U.S., which showed a new increase in unemployment. At the same time, stocks of gasoline are increasing, although the summer season to occur more and more tangible.

In today’s trading price of U.S. light crude oil decreased by 1.7 per cent targets to 65.60 dollars per barrel. On the London exchange quotations do stick with the 1.8 percent to 65.43 dollars per barrel.

Today the New York Stock Exchange will be trading session since the country was declared a holiday for the next national holiday. So today signed electronic transactions platform of the exchange will be recorded on Monday.

Decrease in the price of black gold for the week was nearly 5 percent after trading ended last Friday at 68.92 dollars per barrel. On June 12 I ever oil lost 7.5 percent.

The main reason for the sales data were high unemployment in the U.S., which reached 9.5 percent in May. This leads analysts to expect rapid recovery of the country’s economy, which is the main driver for the price of black gold.

Finance

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