oil prices
Oil prices changed summit Friday morning, after passing in the night $ 103 to New York and $ 101 in London, driven by the plummeting dollar, speculation about the decision of OPEC in Vienna next Wednesday, and various threats on the supply side.
In New York, a barrel of light sweet crude has for the first time exceeded 01H00 GMT Friday to the helm of 103 dollars, registering a new historic record at $ 103.05. Around 11:30 GMT on the New York Mercantile Exchange (Nymex), it was worth $ 101.96, down 63 cents.
The barrel of Brent North Sea for delivery in April was also propelled to new heights and has raced in the Friday night to $ 101.31. Around 11:30 GMT, in London, it s'échangeait at $ 100.30, down 30 cents.
Over the past three sessions, euro and oil fly indeed records in records, in a striking parallel, the dollar fell Friday to 1.5239 dollar for 1 euro.
"A weaker dollar makes raw materials denominated in dollars more attractive to investors buying with other currencies," explained analysts independent firm John Hall.
This technique has accéleré movement due to more fundamental reasons, including market concern on the decision by OPEC, which meets next Wednesday.
"The group of exporting countries (is) under great pressure to increase its production," noted analysts at the Sucden brokerage.
"I do not think we will do anything if prices remain at this level, however, said Friday in the AFP Choukri Ghanem, Libyan Minister of Petroleum.
Analysts also agree that the cartel will resist calls to both consumer countries for an increase in orders its members the hardest, Iran and Venezuela, for a supply reduction .
Prices are also supported by geopolitical threats, including the legal conflict between oil giant ExxonMobil and Venezuela, the hardening of tone between Iran and the international community and the repeated violence in Nigeria, the first African producer of crude.
In New York, a barrel of light sweet crude has for the first time exceeded 01H00 GMT Friday to the helm of 103 dollars, registering a new historic record at $ 103.05. Around 11:30 GMT on the New York Mercantile Exchange (Nymex), it was worth $ 101.96, down 63 cents.
The barrel of Brent North Sea for delivery in April was also propelled to new heights and has raced in the Friday night to $ 101.31. Around 11:30 GMT, in London, it s'échangeait at $ 100.30, down 30 cents.
Over the past three sessions, euro and oil fly indeed records in records, in a striking parallel, the dollar fell Friday to 1.5239 dollar for 1 euro.
"A weaker dollar makes raw materials denominated in dollars more attractive to investors buying with other currencies," explained analysts independent firm John Hall.
This technique has accéleré movement due to more fundamental reasons, including market concern on the decision by OPEC, which meets next Wednesday.
"The group of exporting countries (is) under great pressure to increase its production," noted analysts at the Sucden brokerage.
"I do not think we will do anything if prices remain at this level, however, said Friday in the AFP Choukri Ghanem, Libyan Minister of Petroleum.
Analysts also agree that the cartel will resist calls to both consumer countries for an increase in orders its members the hardest, Iran and Venezuela, for a supply reduction .
Prices are also supported by geopolitical threats, including the legal conflict between oil giant ExxonMobil and Venezuela, the hardening of tone between Iran and the international community and the repeated violence in Nigeria, the first African producer of crude.
posted by news of france at
11:29 AM
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