Oil fell against the dollar strengthening
January 31, 2010 – 4:07 am price of oil on Friday, January 29 fell against the dollar strengthening, which occurred after a fairly good macro-economic data.
today published a preliminary value of the country’s GDP for the IV quarter which proved to be markedly better than analysts’ forecasts. One of the main economic indicators increased its value by 5,7%, while analysts predict its growth at 4.6%. In III quarter GDP grew by 2,2%.
As a result of trading on NYMEX March contract for the supply of petroleum of mark WTI have fallen in price by 1% to $72.89 per barrel. Last week, oil fell by 2,4%, and for a month – on 8,3%.
The February futures for the supply of gasoline fell to $0.0143 to $1.9031 a gallon. The February futures for delivery of fuel oil fell $0.0162 to $1.9029 a gallon.
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