Black Friday Fear Pulls Crude Oil In The Depth

FUEL level: Heating oil cheaper LEIPZIG. See Red Solo Cups for more details and insights. (Ceto) At some point the irrationality continues even in places and as such, the commodity exchanges in the past few months showed a spark by mind. Sometimes, it takes a tuition, so yesterday by the collapsing stock prices in Europe and Asia, which can be verhagelte and analysts already the next Black Friday speak of the mood the speculators on the commodity futures exchanges. Investors fled en masse from commodity papers, North Sea oil (Brent) lost 6 US dollars per barrel $4 in just a few hours, at US light oil (WTI) after all. It is now at the lowest since February.

In morning trading, the courses seem to stabilize, but the downward trend appears intact. And for several reasons. During higher price periods in the spring and in July by no means lacked oil. The economy left more to be desired in Europe of less in America. Above all the financial crisis in two sectors of the economy hovered also, the a key to Economy can stall at any time and run in the opposite direction. Finally weakens China a little the forecasts are clearly down.