The price of a barrel of Texas crude closed today at 106.23 dollars and accumulated a drop of 10% in six days followed by declines due to the strengthening of the dollar and new signs that declining demand in the United States.
At the end of the regular session on the New York Mercantile Exchange (Nymex), contracts Petroleum Texas Intermediate (WTI) for delivery in October deducted 1.66 U.S. dollars to the previous figure, even after being traded to 105.13 U.S. dollars during the day.
Contracts for gasoline for delivery in October closed at 2.6861 U.S. dollars per gallon (3.78 liters), about five cents less than the previous day.
The heating oil for delivery in that month cut four cents and ended at a price of 2.9828 U.S. dollars / gallon.
The natural gas for October remained at 7.44 U.S. dollars per thousand cubic feet, twelve cents more expensive than on Thursday.
The U.S. currency continued its advance in today against the euro and other currencies, which discourages some investors to buy raw materials like gold and oil, are traded in that currency.
The euro was changing today at 1.4241 dollars, compared with $ 1.4322 Thursday.
The "green ticket" has benefited in recent weeks the prospects of making the worst economy in the eurozone, which further suggests that not rise moments of interest rates in that region economically in the short term.
A symptom of slowdown in activity in Europe and Japan joined the United States, where they perceive increasingly worrying signs of deterioration in the labour market and that low consumption, which accounts for two thirds of the overall economy.
With this background scene, has deepened the impression that undermine demand for crude oil and fuels in the U.S. and in other developed countries this year and next, which downward pressure on prices.
The Department of Energy (DOE) reported on Thursday that shipments of fuel to the U.S. market, something that is taken as reference level of demand, were an average of 20.3 million barrels a day in the last four weeks, up 3 , 5% less than in the same period last year.
Demand for gasoline in the same period averaged 9.4 million barrels per day, 1.6% less than a year ago.
The latest data released today by the Minerals Management Service (MMS) showed the continuing recovery in oil activity in the Gulf of Mexico after Hurricane "Gustav", which completely paralyzed oil production and more than 95 percent of natural gas.
According to the latest data provided by companies operating in the area, the usual daily output of crude is now trimmed in a 90.5% gas and 79.8%.
Signs of improvement in that area and the fact that refineries located in the southern states hardly be affected by the cyclone have also helped to strengthen the bearish trend in oil prices, that did not stop even after this week found that undermined reserves in the U.S.
Stocks of oil fell by 1.9 million barrels last week and a total of 303.9 million, a 5.7 per cent lower than last year.
Stocks of gasoline undermined in one million barrels, slightly less than expected, and the products of distillates, including heating oil and diesel, fell by 400,000 barrels.
At the end of the regular session on the New York Mercantile Exchange (Nymex), contracts Petroleum Texas Intermediate (WTI) for delivery in October deducted 1.66 U.S. dollars to the previous figure, even after being traded to 105.13 U.S. dollars during the day.
Contracts for gasoline for delivery in October closed at 2.6861 U.S. dollars per gallon (3.78 liters), about five cents less than the previous day.
The heating oil for delivery in that month cut four cents and ended at a price of 2.9828 U.S. dollars / gallon.
The natural gas for October remained at 7.44 U.S. dollars per thousand cubic feet, twelve cents more expensive than on Thursday.
The U.S. currency continued its advance in today against the euro and other currencies, which discourages some investors to buy raw materials like gold and oil, are traded in that currency.
The euro was changing today at 1.4241 dollars, compared with $ 1.4322 Thursday.
The "green ticket" has benefited in recent weeks the prospects of making the worst economy in the eurozone, which further suggests that not rise moments of interest rates in that region economically in the short term.
A symptom of slowdown in activity in Europe and Japan joined the United States, where they perceive increasingly worrying signs of deterioration in the labour market and that low consumption, which accounts for two thirds of the overall economy.
With this background scene, has deepened the impression that undermine demand for crude oil and fuels in the U.S. and in other developed countries this year and next, which downward pressure on prices.
The Department of Energy (DOE) reported on Thursday that shipments of fuel to the U.S. market, something that is taken as reference level of demand, were an average of 20.3 million barrels a day in the last four weeks, up 3 , 5% less than in the same period last year.
Demand for gasoline in the same period averaged 9.4 million barrels per day, 1.6% less than a year ago.
The latest data released today by the Minerals Management Service (MMS) showed the continuing recovery in oil activity in the Gulf of Mexico after Hurricane "Gustav", which completely paralyzed oil production and more than 95 percent of natural gas.
According to the latest data provided by companies operating in the area, the usual daily output of crude is now trimmed in a 90.5% gas and 79.8%.
Signs of improvement in that area and the fact that refineries located in the southern states hardly be affected by the cyclone have also helped to strengthen the bearish trend in oil prices, that did not stop even after this week found that undermined reserves in the U.S.
Stocks of oil fell by 1.9 million barrels last week and a total of 303.9 million, a 5.7 per cent lower than last year.
Stocks of gasoline undermined in one million barrels, slightly less than expected, and the products of distillates, including heating oil and diesel, fell by 400,000 barrels.
