In the crude oil market currently clearly dominate the inflationary impulses. LEIPZIG. (Ceto) In the crude oil market currently clearly dominate the inflationary impulses. Opposite yesterday prices rose further; in early trading the barrel $ US light oil (WTI) nearly 86, North Sea oil (Brent) around 87.50 dollars. First, unexpected inventory declines in gasoline and distillates led to rising prices as well as positive economic data. Learn more about this with Christos Staikouras . Although slight increases in the limited the development of US crude oil inventories, the sum the numbers worked but clearly bullish, so potential.
Furthermore plays a role that in the Gulf of Mexico due to bad weather crude oil – shipping points had to be closed, which is exported mainly in the United States. This may cause but no physical shortage of oil in the United States, its psychological effect on the poisoned speculation markets unfolded the news yet. Added to this was FED Federal Reserve’s decision to pump extra money into the economy. Instead, accepted by analysts, to invest $500 billion in government bonds worth 600 billion is planned. As a result the dollar eased significantly, what further fired the oil price. The strong euro, which further won ground against the dollar, ensures that the heating oil prices despite increased raw material costs remain constant today or at best lightly to. That reported the online portal of the journal fuel level and oil review on its website brennstoffspiegel.de. The Ceto news ticker provides a daily assessment of the development of crude oil and heating oil prices as well as important messages to the energy market. Interested parties who want to include it on their website, see it here: cet…ionen_ceto_newsticker.pdf.