cold wave has gripped Europe, and hence the price of oil. The price goes up and up, he already has a two-year climb higher. It is not the biting cold alone that drives the price.
based addition to the winter weather, the current Weakness of the dollar price of oil. The currency suffered from speculation addition to extending the bond-purchasing program of the U.S. central bank has been aiming for the volume of 600 billion dollars. "The dollar will remain under pressure. I would not be surprised if the oil price jumps during the week of the marks of 91 and 92 dollars," said Peter McGuire, an independent commodity strategist in Sydney. The experts explain
Commerzbank, the rising commodity prices with the resolve of the U.S. central bank, the economic weakness with a massive expansion of money to fight. It adds to the general market optimism and an increased speculative interest.
oil prices to 26-month high
comes in oil prices also add to this the bitter cold in much of Europe. In the United States, the largest heating oil market in the world, it looks much better. For the northeastern U.S. meteorologists say also requires continued below-average temperatures. In addition to the higher demand for heating and the increased demand for diesel generators provide the light of energy saving in China for solar chimney, the Commerzbank.
Today, the more expensive barrel of American oil West Texas Intermediate (WTI) by up to 0.6 percent, to $ 89.76. North Sea Brent oil traded in the top 0.7 Percent higher at $ 92.03. Thus were both varieties are no longer as expensive as the beginning of October 2008.
waiting for the OPEC
eagerly await the next meeting of the Organization dealers Oil Exporting Countries (OPEC) on 11 December. Venezuelan Energy Minister Rafael Ramirez said recently that he considers a price of 100 dollars per barrel for "fair", similar to expressed the Angolan Oil Minister Jose Maria Botelho de Vasconcelos.
Source: http://boerse.ard.de/content.jsp?key=dokument_494228
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