Colosseum a.s. (Colosseum a.s.)
Commodities  |  February 27, 2013 14:16:28

Oil is heading for the first monthly decline in prices since October last year



ColosseumDecline in prices reacted yesterday's trading session on the exchange Nymex falling within the CME to the increase of commercial oil stocks to maximum seven most active futures contract for WTI U.S. light crude oil. Analysts polled by Bloomberg expect the week ending February 22 again increased by 2.5 million barrels to a total of 378.9 million, the highest volume since July 20 last year. The increase in commercial oil stocks would continue for six weeks. Oil during the current month may see the first monthly decline in prices of most active futures contract from October 2012, in connection with the decrease in demand of 3.3% reported in the week ending February 15. Oil futures with delivery date in April weakened during yesterday by 48 cents to the closing price of $ 92.63 per barrel.

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