Texas crude falls the 3.67% and is below the $99

posted on: Nov 18 2011 8:30 by RDugey. Viewed 28 times.


Texas crude closed yesterday with a setback for the 3.67% until the 98.82 dollars per barrel amid renewed fears that wakes up in the euro zone debt crisis, a day after it would have exceeded the psychological barrier of 100 dollars for the first time in five months.

At the end of the fourth session of the week in the Mercantile Exchange (Nymex), futures contracts of the intermediate Texas oil (WTI) for delivery in December, screenwriter of nearest expiration, sapped 3.77 Wednesday closing price $.

The so-called "black gold" closed the previous day over 100 dollars after it was revealed that reserves of oil in the United States.UU. they fell in 1.1 million barrels and an increase in industrial production in October in the country, the largest energy consumer in the world along with China.

In the price of crude oil of reference in the United States.UU. He returned to influencing the markets growing concern yesterday by u000athe debt crisis in the eurozone, which focused this time particularly in Spain, who saw how the interest of its obligations in a decade reached placed at its highest since 1997.

After overcoming the 7% barrier, which analysts considered untenable for a country, the European Central Bank (ECB) decided to intervene in the market with the purchase of Spanish debt, allowing ease pressure and return the risk premium levels on Wednesday, to close at 6.49%.

News from the other side of the Atlantic eclipsed better data than expected in the United States.UU., where requests for unemployment subsidy came up to the 388.000 last week and permits of work increased by 10.9% in October, although the pace of construction of new homes fell a 0.3%.

While gasoline maturing in December contracts sapped 12 cents and ended at $2.50 per gallon (3.78 litres), and of u000adiesel fuel for heating with delivery this month reduced 5 cents and were 3,13 dollar gallon.

For its part, contracts for natural gas for delivery in December also added 7 cents and ended the session at $ 3.41 per each thousand cubic feet before the Department of energy revealed that reserves showed an increase of 19,000 cubic feet last week up 3.6 trillion.