Commodity Exchange

Oil quotations on Wednesday on February, 11th have settled down in "a green zone". Traders "hope" that the plan of American economy stimulation in cost $838 billion accepted by the American senate, will allow to return steady demand for energy carriers. On the eve of the price for oil have considerably gone down - futures on Brent have fallen to $44,61 for barrel, and on WTI - to $37,55 for barrel. However today WTI already it was possible to get over through a mark of $38 for barrel. Today the main news in the share markets is news about the statement of the Obama new plan. It is very interesting to observe as commoditive traders using news about acceptance of "Obama planes" pull the market top, on the threshold of the publication about stocks of energy carriers in the USA. The data about stocks will be published today. The question only who will be extreme and will lose on reduction of price after the data about stocks. On this background article on agency Bloomberg site very "interestingly" looks - «Oil rises in price on expectations of demand growth for fuel as a result of USA goverment stimulating containing in" Obama plans "which has been approved by the Senate on Tuesday, has reported Bloomberg.»

Meanwhile, some real support to the oil market is rendered by news that Saudi Arabia to the middle of current year intends to achieve increase to the widow of the reserve possibilities. Also realistic enough looks also the opinion of Western Australia the prime minister Kolin Barnetta - "Are available that certificate volumes of the auctions in the commoditive markets start to grow, and the prices raise". He considers that the prices for the commoditive materials, fallen off in 2008 on record 62 %, possibly, have already reached a bottom as the extracting companies have reduced manufacture, warehouse stocks are gradually exhausted, and a supply and demand approach to a balance point.

As he said, state of Western Australia makes 15 % of iron and nickel and 10 % of gold from universal volumes. On a share of Western Australia it is necessary more than half of Australian export black and nonferrous metals to China which is one of the basic consumers commoditive materials in the world, and about third of deliveries to Japan. China pursues a policy now of economic growth stimulation growth and, according to many analysts, will keep high enough rates of increase in gross national product in 2009. The average gain of gross national product in developing countries of Asia this year will make, predictably, 5,5 %.

The opinion of the staff head has coincided with the forecast of the economist and investor Jim Rogers which expects a rise in prices and deficiency of some commoditive materials kinds by the end of the year. The prices for iron ore gradually raise, being restored after falling to a minimum for 3 years. Since October cost of iron ore with immediate delivery has grown on 33 %, to $84,50 for ton.