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The price of oil is ending because of tropical storm |
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Monday, 04 August 2008 |
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Oil began the new week with its price rise, since during the production of raw materials faced new threats. They are related to weather conditions in the U.S. and Gulf of Mexico, where Tropical Storm Edward happen. According to weather storm in the country may become a hurricane and this would lead to suspension of production of oil and petrol in the region of the storm.
To help the growth of quotations and Iran's refusal to accept the deadline for initiating discussions on its nuclear program with the United Nations. Thus the country has ignored the invitation of the United States, Russia, China, France, Germany and Britain to exchange information and review the experiments carried out in Iran, transmit Bloomberg.
Electronic platform of exchange in New York oil contracts with delivery in September are more expensive to 1.06 dollars (0.85 percent) to the closing price since Friday in Asian trading session at 126.16 dollars for a barrel. In the final session of last week oil appreciated by 0.8 percent to 125.10 dollars for a barrel .
In London the price of Brent oil from the variety will be increased by just $ 1 to close Friday and September futures traded at 125.18 dollars for a barrel. |
Finances and Markets 
