Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 05, 2013 09:06:28

Oil fell heavily again

ColosseumYesterday's drop in oil prices was similarly sharp as the day before and then together for these two days the price dropped about 4 USD per barrel. Yesterday's decline was due to the fact that more Americans than expected applied for the payment of unemployment benefits. After a series of mostly positive news from the U.S. economy in recent weeks, the markets for a cold shower. If the U.S. economy will eventually stagnate is not expected nor too large demand for oil. The fall of the previous day was then due to the fact that oil reserves in the U.S. reached the highest values ??for the last 22 years. Yesterday the CME WTI crude oil closed a decrease of $ 1.19 to $ 93.26 per barrel.

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