World market prices for oil trades on December 22, 2008. at the leading oil exchanges declined. Official prices of petroleum futures of the next months are as follows: in London on InterContinental Exchange Futures - IPE Brent Crude - 41,45 (-2,55) dollars / barrel.; In New York on the New York Mercantile Exchange - Light, Sweet Crude Oil - 39.91 (-2.45) per barrel. On the eve of the start of trading a positive trend in the prices of the deals provided technical buying oil futures, which for the past week have fallen in price an average of almost 7%. However, after the maximum growth oil prices exceeded 2.5%, active buying stopped, and the prices of the deals with oil futures fell. We note that oil prices are beginning this week, has stabilized considerably above $ 40 dollars per barrel. But their growth is still difficult, mainly due to the lack of supportive news. Despite OPEC's decision to reduce from 1 January 2009. restrictive quota of oil production for another 2.2 million barrels per day, the oil market remains under pressure from fears of further decline in world demand for energy. According to experts, reduced demand for energy will continue at least until the middle of next year.
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