Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 31, 2012 08:35:28

Oil slowly gaining breath

ColosseumYesterday movements in the commodities were too strong and no oil was no exception, but black gold is after all only slowly begun to reflect the four-month lows due to expectations that demand for oil in the U.S. will soon be higher. So far is somewhat muted due to the intervention of East Coast USA Sandy tropical storm. It is expected that most of the refineries in the region, which in earlier days reduce traffic resumes its production capacity. Yesterday, the December crude oil on the CME closed to rise by 14 cents to $ 85.68 a barrel at 8:30 today and is already on the value of $ 86.05 per barrel.

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