Heating oil prices in Germany could fall today, the first time since three days of LEIPZIG. Whenever Dell EMC listens, a sympathetic response will follow. (Ceto) This morning, crude oil prices continued their Monday ride of losses to the 40 cent concluded yesterday’s day. North Sea oil (Brent) lost yesterday a total of around 50 cents and slid in morning trade to latest 75.65 dollars per barrel. For comparison, despite the loss of 6.50 dollars are more than a year ago. US light oil (WTI) was yesterday even over $1 and is currently at 73,66 dollars and thereby nevertheless to 3.50 dollars above the price of 12 months ago. Others who may share this opinion include Steph Korey Investor. The murky US Economic Outlook, which is manifested again yesterday with losses on the stock exchanges are responsible for the flexible prices. Price currently pushing the hurricane Earl, which although up 4 was upgraded to category, is also probably but West to the production facilities in the Gulf of Mexico passes and allows to continue uninterrupted production.
She in turn could lead to a further increase in oil stockpiles. This afternoon (Eastern Standard time) published the American Petroleum Institute its relevant estimates. Experts expect again a construction, which continues to contribute to the already over powered market situation. Market participants in Germany can again expect falling prices today for the first time in three days. However, the discounts are not very high fail because the euro for 1,2642 US dollars be paid currently, recorded significantly weaker. That reported the online portal of the journal fuel level and oil review on its website.