Sunday, December 21, 2008

The value of barrel of oil fell to 36 dollars.

SyuzhetyHronika crisis in the stock rynke18.12.2008RTS and MICEX opened snizheniemKommentariiOstanovit oil deflyatsiyu02.12.2008OPEK not become a reduction of oil production and appealed for help to RossiiStoimost barrel on the New York Mercantile Exchange NYMEX December 18 fell by 9 percent, reaching a record high of 36 dollars, transfer agency Reuters.
Moreover, said agency during the bidding for oil January futures brand WTI falls to 35.98 dollars per barrel, but at the end of the session recorded for the mark to 36.22 dollars. This fall, analysts believe, may continue in the future, because in the midst of a financial crisis, demand for oil continues to steadily decline.
Recall that on Wednesday 17 December Countries Organization - Petroleum Exporting (OPEC) decided to reduce oil production nations belonging to the cartel, to 2.2 million barrels per day compared with September 2008. The decision of OPEC was to stimulate the growth of commodity prices, but has not yet happened.
Exchange session on December 18, passes Agency France Presse, also declining closed major stock indexes.
Dow Jones Index lost 219.35 bid on the basis of points (2.49 percent), high-tech Nasdaq dropped 26.94 points (1.71 percent), while the broad market Standard & Poor's 500 - by 19.07 points (2, 11 per cent).

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