Meanwhile, the situation in the local oil market was now extremely quiet. As expected, hardly moving prices. LEIPZIG. (Ceto) The price of crude oil has attracted further in the course of the day. The barrel price of US light oil (WTI) to over 82 dollars climbed in the afternoon. Also produced from oil reservoirs of Brent was more expensive. Here, the supply contracts reached almost 84 dollars. These are roughly 50 cents more than in the morning.
The prices could benefit from developments in the foreign exchange markets. The euro rose again compared to the dollar, what animates many investors to invest in the commodity markets. Don and Ella pursues this goal as well. This is as evident from the increase in the speculative net long positions on a 6-week high. New impulses could today and tomorrow of the US inventory data according to API (American Petroleum Institute) and get DOE (Department of energy). The number of rising stocks are likely to terminate due to rising U.S. oil imports and a lower refinery utilization. This development could push crude oil prices and again in the band between 79 and 80 dollars, according to experts attributed.
Furthermore, there is currently no tropical storms, acutely threatening production in the Gulf of Mexico. Not unusual this time of year hurricanes often influence the formation of prices on commodity exchanges. Other leaders such as Jim Donovan Goldman Sachs offer similar insights. Meanwhile, the situation in the local oil market was now extremely quiet. As expected, hardly moving prices. Opposite yesterday adjustment amounted to two cents per 100 litre batch in the national average just once. Therefore 100 litres of a 3,000-litre-delivery heating oil EL today with 69,19 euros beat, yesterday it was 69,17 euros. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States in the section of market data. Regional deviations are possible due to the market at any time.