The increase in prices because of a conflict that still continues in the Gaza Strip, the problems in Nigeria, and the gas dispute between Russia and Ukraine.
Oil prices rose in thin trading in Asia, Thursday (8 / 1), after declining the previous day due to weakening demand, analysts said. Contract main measure for the New York light crude oil type of sweet delivery February rose 14 cents to be 42.77 dollars per barrel on the New York Mercantile Exchange (Nymex). Oil Brent North Sea crude for February delivery rose 8 cents, to be 45.94 dollars per barrel. Weakening demand picture is not yet over.
United States Department of Energy, said Wednesday, crude oil reserves grew by 6.7 million barrels last week, is much higher rather than the analysts predicted, 700,000 barrels. Kornafel estimates, the oil are between 38 and 45 U.S. dollars per barrel this weekend. However, he said, prices can go down "as much as 10 to 12 dollars" if the Hamas-Israel conflict and disputes between Russia and Ukraine about the gas has not been a problem can be solved. Oil prices rose sharply in mid-year, reaching record high above 147 U.S. dollars per barrel in July 2008 before declining trend in the global economy has encouraged the world to decrease energy demand and oil prices continue to decline.
The attack in the land of Israel and the Gaza disputes concerning Russia and Ukraine gas import price of crude oil pushing near 50 U.S. dollars. On the New York Mercantile Exchange, light sweet type of oil for delivery in February rose 2.47 U.S. dollars to 48.81 U.S. dollars position per barrel. Meanwhile, on the ICE Futures Exchange, London, Brent oil types February delivery increased 2.71 U.S. dollars to be 49.62 U.S. dollars per barrel. Energy consultant, Cameron Hanover, said, the traders directly appoint tensions in the Middle East as a cause of back increased oil prices. Each price increase as a reaction to tensions in the Middle East. That's a good signal that you want to move the market rose
Oil prices rose in thin trading in Asia, Thursday (8 / 1), after declining the previous day due to weakening demand, analysts said. Contract main measure for the New York light crude oil type of sweet delivery February rose 14 cents to be 42.77 dollars per barrel on the New York Mercantile Exchange (Nymex). Oil Brent North Sea crude for February delivery rose 8 cents, to be 45.94 dollars per barrel. Weakening demand picture is not yet over.
United States Department of Energy, said Wednesday, crude oil reserves grew by 6.7 million barrels last week, is much higher rather than the analysts predicted, 700,000 barrels. Kornafel estimates, the oil are between 38 and 45 U.S. dollars per barrel this weekend. However, he said, prices can go down "as much as 10 to 12 dollars" if the Hamas-Israel conflict and disputes between Russia and Ukraine about the gas has not been a problem can be solved. Oil prices rose sharply in mid-year, reaching record high above 147 U.S. dollars per barrel in July 2008 before declining trend in the global economy has encouraged the world to decrease energy demand and oil prices continue to decline.
The attack in the land of Israel and the Gaza disputes concerning Russia and Ukraine gas import price of crude oil pushing near 50 U.S. dollars. On the New York Mercantile Exchange, light sweet type of oil for delivery in February rose 2.47 U.S. dollars to 48.81 U.S. dollars position per barrel. Meanwhile, on the ICE Futures Exchange, London, Brent oil types February delivery increased 2.71 U.S. dollars to be 49.62 U.S. dollars per barrel. Energy consultant, Cameron Hanover, said, the traders directly appoint tensions in the Middle East as a cause of back increased oil prices. Each price increase as a reaction to tensions in the Middle East. That's a good signal that you want to move the market rose
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