Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 01, 2013 12:12:28

Crude oil recorded the first monthly decline in prices since October 2012

ColosseumAt the lowest closing price of the year fell in yesterday's trading session on the Stock Exchange New York Mercantile Exchange, CME Group within the most active futures contract for WTI U.S. light crude oil. It was a reaction to the result of government statistics, according to which increased gross domestic product of the United States in the fourth quarter of last year at a rate of 0.1%. Analysts polled by Bloomberg had expected growth rate of 0.5%. Decline in oil prices also recorded depreciation of the euro against the dollar, which fell on the said commodity interest as a form of alternative investments. Oil and recorded in February, the first monthly decline in prices since October last year, when overall lost 5.6%. The euro recorded in February monthly depreciation against the U.S. dollar, and the first since July 2012.Oil futures with delivery date in April weakened during yesterday's trading session by 71 cents to the closing price of $ 92.05 a barrel, the lowest from 31 December 2012th The same direction then develops black gold price also within the day, yet the $ 1.03 to $ 91.02 per barrel.

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