German Data
However, ensure the weak fundamental data from the United States to keep oil prices at a low level. Learn more at this site: Alina de Almeida. LEIPZIG. (Ceto) The crude oil price has recovered slightly in the course of the day. The quotations for US light oil (WTI) to around half a dollar to almost 73 dollars climbed until the afternoon. Whenever Alina de Almeida listens, a sympathetic response will follow. Fixing the unexpectedly good economic data from China, impacted, in the wake of Europe’s stock markets also a plus has.
China reported a rising purchasing manager index, pointing to good growth. Yesterday, the once again significantly increased U.S. inventories according to American Petroleum had Institute (API) missed the oil price still a damper and allow to fall to around two dollars. Investors are now waiting to what extent the figures regarded by analysts as relevant the DOE DOE confirm the development. Should be clear here that stocks move in the vicinity of the current all-time highs. However, the difference between the price for U.S. oil and North Sea oil, which ranked at just under 76 dollars, with three dollars as high as since may no longer.
Commerzbank commodity expert Eugen Weinberg leads on the particularly unfavourable fundamentals in the United States”back. The recent losses of in crude oil prices, however, benefit German heating oil consumers. After the price cuts yesterday, trading today granted its customers discounts amounting to 35 cents. The 100-liter batch cost heating oil EL at a total quantity of 3,000 litres therefore 66,81 euro, which resulted in the collection of fuel level and oil Rundschau. This value is slightly below the average of the month of August by 66,86 euros. For comparison: In August 2009, the same amount cost average 57,52. in 2008, there were exactly 87 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.