Weak key numbers in the economical sector from USA and Europe is contributing to this concern in the market. The fact that the USD dollar also has picked up is antoher contributing factor. "Everyone is trying to get out at the same time", - according to Rich Ilczyszyn at Lind-Waldock.
Doubts lead to decrease of prices
North Sea oil (brent) for delivery in june was traded at $110.8 per barrel, a historical fall of $10.39. As a result of the Tsunami and earthquake, the oilprices did get a short boost in the price but now the prices are again sniking "due to the doubts in the american economy", claims Jon Kulduff in Again Capital. More information will be provided later on this dramatic pricefall.