At The Core
World News
Oil has spent the 80 dollars
On Tuesday oil has exceeded the threshold of 80 dollars per barrel in the Asian market for a few hours before declining to 79.75 dollars, a level that had been achieved over the past year amid a weak U.S. currency.
"Once again, these spectacular gains have been driven so far mainly by financial factors and the optimism of the market rather than supply and demand, and consider analysts JBC Energy in Vienna. "We see no reason that would prevent the money back within the range of 65-75 dollars. The production capacity dormant reached 6 million barrels per day in OPEC countries, refiners receive very low margins, demand remains sluggish in industrialized countries, "they say.
The forward price of black gold has accompanied a sharp slide in the greenback against other currencies.The euro / dollar on Tuesday still flirts with the symbolic threshold of $ 1.50 for 1 euro to 1.4970 dollars exactly 12:00, always on levels 14 months ago, triggering a wave of purchases of materials materials.
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