More than 2% of oil on Friday was on track for weekly decline, its lowest level in ten days for all categories of the business and demand from China's tightening monetary policy to keep in stock on speculation the U.S. will increase .
Brent crude in March, 4 cents higher to 96.62 dollars a barrel U.S. on Thursday after touching $ 95.43, the lowest intraday price since Crawl 11th January A week ago, before U.S. $ 99.20 month contract, touched its highest level since 2008.
Consumers International Energy Agency (IEA), represented by the global economic recovery, rising crude oil prices have raised concerns about the potential impact, for the Petroleum Countries (OPEC) production to increase pressure on the organization strengthened.
"A rapid transition to identify the performance of a three-digit price, we do not negatively affect the mood and slightly cautious inventory purchases and management related to the soft sound, now we can add in the near future expect to generate are ", said JP Morgan analyst Lawrence Eagles lead.
"OPEC production to get there on a Monday morning office is an increasing risk increases dramatically" the bank said: "We believe that the time for investors to reduce mercury exposure and get some benefits.
U.S. benchmark crude West Texas Intermediate (WTI) premium against Brent was at $ 6.99 to close Thursday, compared to $ 8.24 a week ago, the biggest since February 2009.
U.S. crude oil inventory of 2.62 million barrels in the week ended rose 14 U.S. Energy Information Administration data from the 400,000 barrel drawdown in gasoline and distillates stocks for January defying the predictions than expected showed up, 4.4 and 1 million barrels respectively.
In seven weeks, investors worried the first floor, down the list to be quite Trans Alaska pipeline shutdown was due to the dissolution of the domestic production expected to make.
U.S. crude oil production from the path normally ships 12% and has been in operation again on Monday also resume maker, later revealed as a bypass to repair a crack to avoid January 8. Around 630,000 barrels per day to do this to the normal rate was expected to ramp up next week.
China's GDP forecast for the fourth quarter rose to leadership and raised concerns that the rising growth, inflation. Investors worry that a hard landing in China in 2011 all the steps to lead the market growth may slow.
U.S. crude for March 9 cents to $ 89.71 on Friday added more than 1.8% in the week. February contract on Thursday, billing at $ 88.86 expired.
Brent crude in March, 4 cents higher to 96.62 dollars a barrel U.S. on Thursday after touching $ 95.43, the lowest intraday price since Crawl 11th January A week ago, before U.S. $ 99.20 month contract, touched its highest level since 2008.
Consumers International Energy Agency (IEA), represented by the global economic recovery, rising crude oil prices have raised concerns about the potential impact, for the Petroleum Countries (OPEC) production to increase pressure on the organization strengthened.
"A rapid transition to identify the performance of a three-digit price, we do not negatively affect the mood and slightly cautious inventory purchases and management related to the soft sound, now we can add in the near future expect to generate are ", said JP Morgan analyst Lawrence Eagles lead.
"OPEC production to get there on a Monday morning office is an increasing risk increases dramatically" the bank said: "We believe that the time for investors to reduce mercury exposure and get some benefits.
U.S. benchmark crude West Texas Intermediate (WTI) premium against Brent was at $ 6.99 to close Thursday, compared to $ 8.24 a week ago, the biggest since February 2009.
U.S. crude oil inventory of 2.62 million barrels in the week ended rose 14 U.S. Energy Information Administration data from the 400,000 barrel drawdown in gasoline and distillates stocks for January defying the predictions than expected showed up, 4.4 and 1 million barrels respectively.
In seven weeks, investors worried the first floor, down the list to be quite Trans Alaska pipeline shutdown was due to the dissolution of the domestic production expected to make.
U.S. crude oil production from the path normally ships 12% and has been in operation again on Monday also resume maker, later revealed as a bypass to repair a crack to avoid January 8. Around 630,000 barrels per day to do this to the normal rate was expected to ramp up next week.
China's GDP forecast for the fourth quarter rose to leadership and raised concerns that the rising growth, inflation. Investors worry that a hard landing in China in 2011 all the steps to lead the market growth may slow.
U.S. crude for March 9 cents to $ 89.71 on Friday added more than 1.8% in the week. February contract on Thursday, billing at $ 88.86 expired.
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