Oil resumed its cheaper

On Friday, on Septembers, 3, oil prices a bit went down after two days of growth. On results auctions on the New York commodity exchange (NYMEX) oil of brand of WTI became cheaper on $0,42 - to $74,60 for a barrel (-0,56%). Oil of brand of Brent on the Throgmorton street of ICE went down on $0,26 - to $76,67 for a barrel (-0,34%). Russian Export Blend Crude Oil (REBCO) on NYMEX also became cheaper on $0,26 to $75,28 for a barrel (-0,35%).Futures on oil of brand of Urals on RTS FORTS on the contrary, a bit grew - on $0,30 to $75,78 for a barrel (+0,39%). On the whole last week oil of WTI on NYMEX went down on $0,57 for a barrel, Brent and REBCO rose in price on $0,02, and the futures on oil of Urals on RTS FORTS grew on $1,07.
According to experts, a fall in oil prices was on Friday determined new portion of negative state information by the USA economy - the index of business activity was on Friday published in the sector of services for August which went down to 51,5% (in July - 54,3%). In addition, pressure on a market continue to render the uttery high supplies of oil in the USA (already two weeks they repose on a record from January, 1983 levels).On Wednesday the ministry of energy the USA reported about next growth of supplies of oil in this country - on 3,4 million barrels at small reduction of stocks of petrol (on 200 thousand barrels) and distillates - fuel-oil and fire-box fuel oil (on 700 thousand barrels).
These information as a result outweighed positive information about reduction of unemployment, increase of number of transactions on the purchase-sale of habitation on 5,2% and growth of production index in August to 56,3. In addition, on September, 6 in the USA a holiday is a day of labour which traditionally seasonal reduction of demand follows on petrol.However much a fall in oil prices some restrained weakening of dollar the USA in relation to an euro (it usually results in a nominirovannykh in dollars price increase on goods and services) to the level $1,2898. During a nightly session on Nymex/access oil of WTI continued to fall in price - by 7.15 PM CST it became cheaper on $0,39 to $74,21 for a barrel.