Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 31, 2012 10:39:38

Oil lowest in two weeks

ColosseumAt the lowest level for the last two weeks, fell during Thursday's trading on Globex price of U.S. light crude oil. Hurricane Isaac has already threatens oil infrastructure in the Gulf of Mexico, when he moved over Louisiana and weakened to a tropical storm. Due to fears of Isaac was in the Gulf of Mexico shut down 95 percent of oil production and 73 percent of natural gas production. Oil market also reacted to the decline in equity indices. WTI contract, to be delivered in October and yesterday lost 87 cents to close at 94.62 U.S. dollars a barrel. Compared with the end of July, however, the price increased by 7.4 percent, and it seems that oil recorded the largest monthly increase since February this year. and # 160;

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