For the local oil market holds the collection of fuel level and oil Rundschau, however, only minimal changes. LEIPZIG. (Ceto) The price of crude oil has returned until the afternoon on their daily output values. At the time the barrel $ US light oil (WTI) nearly 82, North Sea oil (Brent) $83. In the meantime, the quotes were easily climbed upwards after first-time applications for unemployment benefits were positive turned out than previously assumed. They fell to 23,000 on 452.000, a decline analysts were assumed to 7,000.
These data support also the dollar attracted something as a result. It remains to be seen what kind of stimulus of additional economic data coming. Despite this light gaze, the skepticism seems to dominate the economic development. The price of oil has been unable it namely, to claim his winnings. A plus had, however, the oil inventory data brought before the price of oil, which had noted an unexpected reduction in the products this week. These developments are however the background of historically high oil inventories.
For example, amounted crude oil reserves to 361 million barrels of, were still considerably less with 339 million barrels a year ago. Based on the fundamentals, the price level is still always unjustifiable. The US demand isn’t so long as they’d like financial investors. China remains the fundamental pillar for the global demand for oil. “, say the commodity experts of at Commerzbank. There is also speculation that China might raise its gas prices for the first time since April. Due to the then higher processing margins refiners to do so could see led to process more crude oil. For the local oil market holds the collection of fuel level and oil Rundschau, however, only minimal changes. The price for the 100-litre batch fell two cents by heating oil EL (for a total of 3,000 litres). Thus the reference cost 67,52 euro now. The strong euro despite yesterday higher crude oil prices limited the impact in this country. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States in the section of market data. Regional deviations are possible due to the market at any time.