Oil fell 2.62% and closed at $97.18 per barrel [Texas]
Texas Oil down 2.62% today to close at $97.18 per barrel, just a day after falling 8.64% and losing altitude of 100 dollars, which seals a week that depreciate in all their travels and has accumulated an impressive 14.7% reduction . At the end of the session last week on the New York Mercantile Exchange, futures contracts Petroleum Texas Intermediate (WTI), due in June, less the $2.62 closing price the previous day, when much cheaper $ 9.44 per barrel.
Today Texas continued decline in oil that has been a week: Monday lost 0.35%, 2.17% on Tuesday, Wednesday and Thursday 1.62% 8.64% impressive.
Thus, oil in Texas two days chained below the height $100 per barrel and a sharp break with the escalation that has been living in recent months amid protests in the Middle East and North Africa, which has led the nervousness among traders.
The emergence of the dollar against other currencies less attractive contracts for oil and other raw materials, to trade the U.S. currency more expensive with the greenback strengthened. Although the news was rejected by the Chairman of the Euro group Jean-Claude Juncker, the rumor is influenced strongly in the foreign exchange market.
Filed Under: Accessories | May 18th, 2012 | Posted by USPrices.net