Dynamics
Quotes of the oil market on Thursday, January 28 and results of the auctions closed with a decrease in value against the background of strengthening U.S. dollar on the foreign exchange market, FOREX, and also because of the negative dynamics of equity markets and adjacent areas.
At the New York Stock Exchange NYMEH the March futures price of U.S. crude fell by 0.03, or 0.1%, and its price was 73.64 dollars per barrel.
The exchange ICE in London, Brent crude futures price fell 0.11, or 0.1%, to 72.13 dollars per barrel.
Causes
On Thursday, Jan. 28 quotes on the market of "black gold" closed with a decrease in price under the following factors: 1 - strengthening of the dollar in the FOREX market against the backdrop of economic output makrostatistiki and news (investors are increasingly worried that problems with a public debt of Greece and other countries affected by the euro area, in addition, rating agency Standard Poor "s has indicated that it no longer considers the UK banking system to the most stable and having low-risk banking systems in the world), 2 - negative dynamics of the stock of sites where action United States passed the position, led to lower sector technology companies (Dow Jones industrial average - 10120.46 (-115.70, or -1.13%), Nasdaq Composite - 2179.00 (-42.41, or -1.91%), SP 500 - 1084.53 (-12.97, or -1.18%)), 3 - reduction in adjacent markets, namely the drop in market prices of precious metals, 4 - investors refrained from active operations against the background of weak demand for oil in the U.S., which is the world"s largest oil consumer. Click to continue »