Commodity Exchange

Oil desperately tries to be fixed on a mark 40 dollars, however expectation of the data about fuel stocks irritates traders and forces to be very cautious. Quotations of futures change that in one in other party, and these changes in percentage expression are very considerable. Last time the market already was mistaken in the expectations. As well as last time, analysts predict that commercial stocks of oil in the USA during a week from February, 14 till February, 20th have increased - now by 1,25 million barrels.

The oil market is influenced now by weight different direct factors. Some positive influence on the market was rendered by data from PetroLogistics Ltd., according to which OPEC member countries have lowered oil extracting in February on 3,8 % to 25,3 million barrels a day. Some players consider that OPEC actions finally will affect a situation with the prices for oil. Undoubtedly important factor there is also pitiable a state of the economy. On Tuesday the new facts confirming recession in the USA became known. The index of consumer trust in the USA, counted by private research company Conference Board has decreased in February, 2009 to 25 points from the value of the last month reconsidered in the smaller party at level 37,4 points. It became the lowest value of an index from the moment of the beginning calculation in 1967. The price index on the inhabited real estate, counted Standard and Poor's and Case-Shiller for 20 largest cities of the USA, has decreased in December on 2,5 % in monthly calculation and on 18,5 % - in annual.