Meanwhile the local heating oil prices dropped as expected something. LEIPZIG. (Ceto) The crude oil price has stabilised slightly in the course of the day. With around 80 dollars a barrel US light oil (WTI) and 82 dollars for North Sea oil (Brent), the quotes were slightly higher than in the morning in the afternoon. The price of oil nearing the level justified by the fundamentals is thus gradually, so the Commerzbank commodity analyst.
They see at well below $80. the fair market price” A level, with the apparently also the Organization of petroleum exporting countries (OPEC) would be satisfied, as representatives of the cartel stressed several times. The slight price increases today, however, are attributable to the stronger euro and firmer stock markets. Furthermore, investors on the Stock Exchange Act wait. You look eagerly to the release of US inventory figures by the energy authority.
Quite possible that the data give new impetus to the trade. Part one of the weekly published inventory was hardly that: So, the American Petroleum Institute as well as rising crude oil stocks held moderately falling product inventories. Meanwhile the local heating oil prices dropped as expected something. The discount amounted to 36 cents per 100 litre batch heating oil EL. The subscription price according to 67,54 euro amounts at a delivery from 3,000 litres, which resulted in the collection of fuel level and oil Rundschau. The average prices for the current month moves at 68.37 euros. For comparison: a year ago, the 100-litre batch cost 59.90 euro; on 20 October 2008 73,70 euro. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States in the section of market data. Regional deviations are possible due to the market at any time.