The prices for oil have decreased against falling of share indexesthe Prices for oil on Thursday have fallen for the first time for last four trading days, having given in to pressure from the share markets and dollar. Following the results of the auctions on November, 19th on New York Mercantile Exchange the price of the future contract for oil of mark WTI with delivery in December has decreased on 2,12 dollars, to 77,46 dollars/ barr. On InterContinental Exchange in London the January contract on grade Brent Crude has fallen in price on 1,83 dollars, having closed on a mark 77,64 dollars/ barr.
On Thursday in the oil market the anxiety concerning the further economic dynamics and, accordingly, demand for energy carriers again reigned. Deterioration of moods of investors was promoted by decrease in the share markets where participants of the auctions won back fears concerning that recent rally has appeared too strong and does not correspond with current prospects of world economy.
could not save situation and the positive macroeconomic data - the number of primary and repeated references behind the unemployment benefit in the USA (on 26 and 39 thousand, to 505 thousand again was reduced and 5,611 million accordingly), positive dynamics has shown also an index of business activity in manufacturing industry FRB of Philadelphia (in November he has grown to 16,7 points against 11,5 points month before).
Meanwhile additional pressure upon stock quotes has rendered news that Banc of America - Merrill Lynch has lowered the forecast of growth of sector of semiconductors, having caused it increase in surplus of stocks in the industry. Papers of such technological companies, as Intel Corp as a result have strongly suffered. And Texas Instruments Inc. On the general adverse background actions of other sectors have fallen in price also. In particular, in “ a minus “ Have finished day of a paper of financial institutions - Credit Agricole, Credit Suisse, Deutsche Bank, UBS, Commerzbank and HSBC.
Following the results of day the index of wide market Standard and Poor`s 500 has decreased on 1,34 %, an index “ blue counters “ Dow Jones has lost 0,90 %, hi-tech NASDAQ has fallen on 1,66 %. In Europe French CAC - 40 has fallen to 1,77 %, German DAX - on 1,48 %, British FTSE 100 - on 1,39 %.
Against the oil market the dollar has the day before played also. Considerable falling of share indexes current month has caused outflow of means for currency stock exchanges. On this background the dollar exchange rate has grown against euro on 0,3 %, to 1,4919 dollars/ euro. The index of the American currency tracing its movements against six basic currencies, has added 0,1 % and has made 75,283 points.
department of the analytical information