Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 08, 2013 12:12:28

Crude oil fell to a ten-day minimum

ColosseumBlack gold during the last trading session last week weakened in response to the outcome of regular government statistics on applications for unemployment benefits. That the week ending 03.29 showed a greater increase in applications for unemployment benefits in the U.S. than expected by analysts polled by Bloomberg. These would, after a series of positive reports about the performance of the U.S. economy from the previous week could prompt more stagnation. Among other causes of the decline in oil prices last week was an increase of commercial oil reserves in the U.S. at the highest level of the last 22 years. Last trading session last week concluded May futures contract on the black gold weakened by 56 cents to a closing price of $ 92.70 per barrel.

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