Author Topic: Oil falls 1% with falling euro  (Read 331 times)

Offline beach7

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Oil falls 1% with falling euro
« on: January 26, 2015, 09:40:42 AM »
Oil falls 1% with falling euro

BAGHDAD / Obelisk: Oil prices have slid more than one percent Monday and approached US crude from its lowest level in six years after the Greek election results increased the uncertainty in the euro zone and the single European currency weakened against the dollar.

It seems that the Greek leftist SYRIZA party on his way to a landslide victory over the ruling Conservative Party in the early elections held on Sunday, which could spark a confrontation with the international creditors.

Fell Brent crude price in the futures delivery March 71 cents to $ 48.08 a barrel by 0718 GMT, wiping slight gains made on Friday after the death of the King of Saudi Arabia Abdullah bin Abdul Aziz, but rose from the low level of $ 47.85 hit in the beginning dealings.

The decline in the price of WTI US mediator in March contracts for 69 cents to $ 44.90 a barrel. Earlier, US crude down in the nearest month contract entitlement to its lowest level in trading on Monday to $ 44.35, a little over US $ 44.20 hit on January 13 in January, which was the lowest level since April, 2009.

And the effects of the Greek elections began to appear on the global financial markets on Monday as the euro fell to its lowest level in 11 years against the dollar.

The European single currency under pressure on Friday, came after the European Central Bank said it will inject more than one trillion euros in the market by more than expected to prevent the euro zone sliding into deflation.

And increased the premium for Brent to US crude to more than three dollars after US crude stocks posted the largest increase in more than two decades.

And kept the new king of Saudi Arabia Oil Minister Ali al-Naimi in office on Friday in a message designed to calm the fears of the energy market after the death of King Abdullah.

Offline Foxfreedodi

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Re: Oil falls 1% with falling euro
« Reply #1 on: May 14, 2015, 05:18:46 AM »
That is not to find this information.