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Commodity Exchange

8 january, 14:59
Commodities for January, 7th

As we also assumed occurrence of reconciliatory tones in statements of Israel and leaders ÕÀÌÀC collapse prices for oil. In New York following results for yesterday's auctions on NYMEX price for oil has decreased on 5,95 dollars (12,3 %) to 42,63 US dollars for barrel and remains on this mark this morning in expectation of new news. Technically, falling has occurred after a statistics exit on stocks in the USA. Stocks of oil and mineral oil one week prior to January, 2nd of +6,7 million barr., previous value of 0,5 million barr., 0,7 million forecast barr. Despite obvious benefit of buying under the current low prices, the majority of traders are assured that growth of stocks is more connected with global falling of consumption and no scale reduction of extraction can correct it. As the head of the National oil company of Libya Shokri Ganem has told, in OPEC plans there is no extraordinary meeting next month so also additional reductions will not be. In this connection the conflict in the Near East and an ambiguous situation in Russian-Ukrainian relations as is impossible by the way for the countries of energy carriers suppliers (including for Russia).

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