Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 22, 2013 11:10:28

Oil below due to weak industry in Germany

ColosseumPerformance of German industry unexpectedly slowed in March, when the German Purchasing Managers' Index in the industry declined to 48.9. Median expectations of analysts polled by Bloomberg was 50.5 while the value. Oil also does not help acute situation in Cyprus, where a real danger that the ECB cuts from the Cypriot banks bailout fund. This could be the case that by Monday Cyprus not agree bailout terms. This situation again means more attention to the problems of investors not only in Cyprus, but the whole of Europe which have not yet been satisfactorily resolved. The May crude oil on the stock market yesterday ended CME day decline of $ 1.05 to $ 92.45 per barrel.

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