Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 18, 2012 08:35:33

Crude oil declined the most in eight weeks



ColosseumYesterday's drop in oil prices was the strongest in the last eight weeks and even during intradenního its trading price fell by 3 USD for one minute. On such a rapid decline had their share options expiring in October for petroleum. Overall, but oil did not help either negative sentiment in the market caused by the publication of the so-called Empire State Index, which is the New York Fed economic index. He was given a three-year minimum. This indicates a possible weak demand. The October crude oil on the stock market yesterday ended CME falling by 2.4% to $ 96.62 per barrel.

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