Texas crude low 1.13% and closed at $93,87 per barrel

posted on: Dec 15 2011 17:34 by RDugey. Viewed 32 times.


The Texas oil fell today 1.13% and closed at $93,87 per barrel during another day marked by pessimism to the debt crisis in the eurozone, which influenced rather than macroeconomic data better than anticipated disclosed in United States and, above all, employment-related.

At the end of the fourth session of the week at the Mercantile Exchange in New York (Nymex) futures contracts of the intermediate Texas oil (WTI) for delivery in January, of nearest expiration, sapped 1.08 the Wednesday closing price $.

Oil well moderated their losses with respect to the previous day, when collapsed 5.18%, closing at $94,95 barrel, its lowest level in a month and a half, before the Organization of petroleum exporting countries decided to increase its level of production for the first time in more than three years.

The price of "black gold" was pressed downwards from new before the u000aprogress that recorded the dollar against currencies like the euro, due to the persistent pessimism of investors before the debt crisis in the eurozone and the fear that the assistance to mitigate the problem has to come to the end of countries outside the European Union.

The advance of the dollar, the currency in which the raw materials, are negotiated and had more weight than the fact of that unemployment in the United States subsidy requests.UU. they fell last week at 19,000 to 366.000, the lowest since May 2008, according to the Department of labour.

Any figure below 400,000 requests indicates a revival of the labour market during the first world energy consumer with China.

On the other hand, American retailers announced that provide for the sector in the Christmas season sales increase this year 3.8 per cent, to 469.100 million dollars, more than 2.8 per cent expected u000ainitially.

Also knew that United States industrial production fell in November for the first time in seven months and declined 0.2%, while compared to November 2010, industrial production grew last month a 3.7%.

Expiration in January gasoline contracts declined two cents and ended up the fourth session of the week at $2.48 per gallon (3.78 litres).

For its part, orders for diesel fuel for heating with delivery this month were no significant changes and remained at $ 2.82 per gallon.

Contracts for natural gas for delivery in January lost a penny and ended the day at $3.12 for every thousand cubic feet, while the Department of energy report that reservations in the United States.UU. they fell last week at 102,000 feet million cubic.