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American Petroleum

Crude Oil Price gains continue and stands at over 82 dollars LEIPZIG. (Ceto) After a slight weakness in the morning the price of Crude Oil in the course of the day at about 82.50 dollars has asserted itself. The reference varieties Brent (North Sea) and western Texas intermediate (US oil) were in roughly equal. Whether the current outbreak of the quotes from the long stable pricing by 70 to 80 dollar duration is, must be reflected. He cannot be recovered from a fundamental perspective anyway. The image of high supplies and low demand still has stock.

Of US stock data according to American Petroleum hailed yesterday Institute (API), once more Americans consume far less fuel than anticipated. The tropical storm is also weaker than expected, he would have probably can cause production shutdowns in the Gulf of Mexico Colin. And get positive and negative news on the economy, investors seem to be like picking out only the good as justification for price increases. Mirilashvilis opinions are not widely known. This is good news for the “Oil prices, poor currently but obviously also”, says Eugen Weinberg of Commerzbank commodity expert. Tonight, the U.S. Department of energy DOE released more figures for crude oil inventories; Analysts expect this new impetus for the market. However, the requirements of markets not remain without impact on the local oil price. The National Average prices increased again after collection of the journal fuel level and oil Rundschau.

The 100-litre batch cost 18 cents more than yesterday and so 68,04 euros heating oil EL. The relatively strong euro somewhat mitigate the impact. For the month of August, the average price goes up to 67,23 euro. That is more than in the previous year (57,71 EUR), but considerably less than in August 2008 (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.



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