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Expectations of lower oil prices

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Expectations of lower oil prices Empty Expectations of lower oil prices

Post by Ponee on Sat May 25, 2013 9:37 am

Expectations of lower oil prices
05/25/2013 12:00 AM


SINGAPORE - Reuters

about oil futures to record its biggest weekly decline in five weeks, with Brent crude fell towards $ 102 a barrel on Friday in light of the abundance of supply and a slowdown in the global economic recovery, which has raised fears of falling demand for oil.

approached crude inventories in the United States from record levels, with the growth of oil shale production in the largest oil consumer in the world, while somewhat shrinking factory activity in China's demand growth in the second largest oil consumer in the world.
positive data raised the labor market and home sales in the United States are also fears that baptizes the Federal Reserve (the U.S. central bank) to close to reducing its purchases of bonds and reduce liquidity in the markets.
Brent crude fell 14 cents to $ 102.30 a barrel by 0629 GMT, extending its decline for the fourth session. U.S. crude was down 35 cents to $ 93.90 a barrel.
Both are about to record a drop greater than two percent this week, the biggest loss since the week ending April 19.
http://www.alsabaah.iq/ArticleShow.aspx?ID=47175








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