Monday, 19 September 2011 00:00

Actual Crude Oil Status

The European economical crisis leads the course of events in the crude oil market. According to the traders, the demand of crude oil and other resources speculates based on this crisis. However, the stocks are decreasing.

According to Ken Hasegawa, Newedge Group Bloomberg, the US stocks reduced with 6,7 millions barrels in the last weeks, and even the production of Brent crude is much lower than the average value.

Still, the crude prices are stable. The WTI will tangent between $85 – 90 per barrel, and Brent crude will cost around $115 in the next days.

Share on Myspace