Oil price down in New York
Font size:
ennahar
The price of oil fell on Friday at the opening in New York, where there was high concerned about the amplification of the debt crisis in the euro area and its impact on energy demand.
- The price of oil fell on Friday at the opening in New York, where there was high concerned about the amplification of the debt crisis in the euro area and its impact on energy demand.
- On the New York Mercantile Exchange, a barrel of Light Sweet Crude for January delivery was traded at $ 95.95 in the afternoon, down 22 cents from Wednesday.
- Due to the Thanksgiving holiday, The New York market remained closed Thursday and trading volume was estimated lower Friday.
- Debt crisis in the Euro zone was hovering over all the financial markets and the oil companies were tormented.
- The markets were disappointed by the mini-summit in Strasbourg Thursday, attended by Germany, France and Italy. No breakthrough has been announced and the European Central Bank (ECB), they hoped to stem the crisis, was discarded.
- Close to 100 dollars a barrel, however, oil prices remain surprisingly robust despite the headwinds in financial markets, estimated the Commerzbank analysts, who explained this resistance by lower oil stocks in the U.S. and the risks that weigh on the offer.
- Ennaharonline/ M. O.
article views:4465
Add to:
Email to a friend
Print version
Plain textRate this article
Comments (0 posted):
Post your comment