Wega Trade



 









Commodity Exchange

10 january, 15:01
Commodities for January, 9th

Today oil becomes cheaper the fifth day successively on expectations of reduction demand and insufficiency of OPEC measures on extraction restriction. The price of the future contract for oil of mark WTI for February during the electronic auctions on the New York commodity exchange (NYMEX) in the morning on Monday has fallen to $0,75 - to $40,08 for barrel. However high volatility this week will burn unexpected number of serious "surprises" for commodities. Conflicts of Israel to Gaza Strip and the Russian-Ukrainian gas war till middle auctions by the extremely unpredictable. More long-term forecasts even more often leave more pessimistic, than earlier. According to the forecast of the OPEC and a Department Energy of the USA, demand for oil will continue to decrease in 2009. Analysts Deutsche Bank expect decrease in consumption of oil on 1 million this year - to 84,68 million ." We consider that the level of demand on oil in 2009 will be much worse, than is predicted, - told in message Deutsche Bank. - oil Cost hardly will reach the bottom till the end of this year, restoration of economic growth rates "yet will not begin. Meanwhile the International power agency predicts increase in demand at 440 thousand barrels a day in comparison with 2008 - to 86,3 million.

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