TNBiz (TNBiz)
Markets  |  March 26, 2013 15:46:37

Economists believe the next in fuel prices


"The development of fuel prices will affect mainly developments in currency markets, where the rate USD / CZK increased by 1.54 percent to 19.87 crowns," said analyst Boris Tomčiak Colosseum.

Average fuel prices also fell on the stock exchange in Rotterdam, where the price of petrol fell by 0.27 percent and diesel cheaper by 2.21 percent.

In addition, last week also dropped the price of Brent crude, which is traded around 107.66 dollars per barrel. "Oil has weakened because of concerns about Europe's economic performance not only in connection with the events in Cyprus. Performance of German industry unexpectedly slowed in March, when a German purchasing managers index in the industry declined more than expected," said Tomčiak.

He added also that OPEC estimates for this year growth of U.S. oil to its highest level in 30 years.

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