Magis Global –


January 29, 2021

United States

Category: General – Tags: , – Joan – 1:26 pm

The crude oil markets are based on the fundamental specifications actually under downward pressure, withstand this however considerably. LEIPZIG. (Ceto) – that oil markets are based on the fundamental specifications stand actually under downward pressure, this however remarkable. Is the U.S. inventories of crude oil and diesel for example once again climbed up to gasoline upwards and demonstrated that limited consumption of the US economy, but the uncertain situation to the US debt crisis has further wait for investors – however already to watch a certain flight from risky assets seen as safe investments like gold.

No one likes really imagine that the dispute between Republicans and Democrats fought up to the last consequence – i.e. up to the inability to pay the United States on August 2 -. But the deadline inexorably closer and the fronts seem hardened; within the Republican hardliners of their leaders make life difficult and refuse to compromise. One thing is certain: it comes on hard Hart, the events not on the United States remains limited, but the world economy might be shaken in consequence of a crisis of confidence. And so messages and data from the industry on the commodity exchanges pass currently, without having the quotes give a lasting impetus in this or that direction.

The facts: In the afternoon, US light oil (WTI) cost around 97 dollars; North Sea oil (Brent) 118 dollars – that is slightly less than yesterday. While WTI lost more than Brent. As expected, however, the local oil prices grew something. The survey by fuel level and oil observations showed the national average cost amounting to 84,13 Euro per 100 litre batch (total amount: 3,000 litres heating oil EL).

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