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Crude oil prices again after the pressure Russia and Ukraine reached agreement of a new gas price for 10 years. Agreement on Russian gas price, Ukraine as a way to re-supply gas to Europe was in trouble and make the community more difficult in this winter. Cease-fire between Israel and Hamas in Gaza is also a path of market attention, because of the reduced moment of sentiment could heat the oil price..

However, the most major weakening in oil prices because the market continued to see weakening world oil demand because of global economic recovery has not been. "Now that this sentiment is completely dominated the economic problem is not geopolitics," said Harry Tchilinguirian, analyst from BNP Paribas as dilansir from Reuters, Tuesday (20/1/2009). Oil prices in New York for February delivery down U.S. $ 2.21 to U.S. $ 34.30 per barrel.

The broker said the price of oil for the oil contract has been spent time in February, because oil prices will be determined for the contract next month. Oil price changes in the contract on 20. With the trend of the U.S. dollar and stock prices menguat the increase, the contract in March to predict likely to go down.





Throughout February the oil contracts are only 3100 lot, but in the month of March is estimated to be more crowded and more than 31,000 a lot of hands. While the type of Brent oil prices in London already have a contract price for the month of March. Where is the price for March delivery down U.S. $ 2.16 to U.S. $ 44.41.

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Comments

1 Response to "Oil price down to U.S. $ 34"

  1. madzzz On 23 Maret 2009 pukul 10.28

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