The increased reserve stop growth oil

Oil least on Wednesday after data distillates stocks of raw materials (petrol, kerosene, diesel) in the United States registered an increase compared to the previous week, indicating a decline in consumption.

According to the U.S. Energy Information Administration, gasoline reserves have increased to 800 thousand barrels per last week.

Stocks of diesel and industrial fuel has reached its highest value in the last 25 years. Consumption of fuels for the production has decreased by 11 percent last month compared to same period last year.

Overall consumption of energy fell by 4.8 percent compared to last year, refineries have reduced production by 2.1 percent. Stocks of crude oil fell by 1.8 million barrels, but analysts estimated a larger decline of 2.1 million barrels per.

These new lightweight down U.S. crude oil to 63.76 dollars per barrel, black gold, but later recover its losses and ended the day of 65.40 dollars per barrel, a decline of 21 cents. London Brent added 34 cents to the value to 67.21 dollars per barrel.

At the other pole were the data for oil consumption in China, which registered growth for the third consecutive month. This suggests that the Asian tiger will lead the recovery of the global economy.

KUWAIT oil minister said that prices around 65 dollars per barrel currently organize Organization of producers of oil (ward). The increase in oil is rather speculative and not the result of fundamental reasons.

In recent months, valuable raw material is great investor interest, as hopes for early recovery of the economy drive market participants to set a rise of fuel and shares and to anticipate events.

Gold recorded a minimal growth yesterday, supported by fears of increasing inflation and the decline of the dollar. Investors set of the precious metal as a hedge against a jump in prices.

Spot gold price jumped by 2 dollars for troy ounce to 950.20 dollars for troy ounce. Get the metal, although the chairman of the Fed Ben Bernanki tried to refute the statement in inflation expectations for monetary policy of the Central Bank before the U.S. Senate yesterday.

He expressed confidence that his team will prevent price increases, as does at the right moment unprecedented economic incentives worth several trillion dollars.

The main driving force behind the price of gold is currently developing foreign markets. Analysts predict growth of the precious metal over 1000 dollars for troy ounce by the end of the year as believe that the euro will reach new heights against the green of money than 1.50 dollars.

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Finance

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