jueves, 5 de agosto de 2010

Oil retreats in New York, affected by employment in the U.S.

Oil prices fell slightly on Thursday in New York, affected by the increase of new registrations to unemployment benefits in the United States, a report that raises concerns about demand for petroleum products.In the New York Mercantile Exchange (Nymex), a barrel of light sweet crude (West Texas Intermediate designation in the U.S.) for September delivery closed at $ 82.01, down 46 cents from Wednesday.
Prices, which arrived earlier this week to their highest level in three months, continued their downward trend that began on Wednesday.
 
The petroleum price

According to Tom Bentz of BNP Paribas, the market was "a little episode of weakness" following the announcement of an unexpected surge in new registrations for unemployment benefits last week in the United States to a level unprecedented since April.
"But the market is not contracted so much," he said. "It's a very calm day, a small correction. Many people are on vacation and has been highly volatile in recent days."
"The market begins to focus on the abundance of supply" in the United States explained by his side Phil Flynn of PFG Best Research.

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