Oil prices are falling

Today, the value of "black gold" in the auction once again reduced to the background of doubt investors in the normal recovery of the global economy and the weakening euro, informs Bloomberg. The cost of July futures for oil in electronic trading in New York at 14.43 MSK fell by 0.48 dollars or 0.7% - to 72.10 dollars per barrel. Spot price for Brent crude oil for delivery in July in London to 14.52 MSK decreased by 0.17 dollars or 0.2% - to 72.00 dollars per barrel. Euro drops against the "Americans". At 15.08 MSK rate was 1.2226 dollars per euro against 1.2236 dollars per euro for the trades on Tuesday. European stocks down on Wednesday because of concerns about the crisis in the eurozone. "The macroeconomic situation, in particular, the euro continues to strongly influence prices. The market is very volatile and varies in the corridor of 72-75 dollars per barrel", - said the broker Bache Commodities Ltd Bill Christopher (Christopher Bellew). As a result of Tuesday's price of July futures for U.S. light crude oil Light Sweet Crude Oil was 72.58 dollars per barrel, down by 1.39 dollar to fall against the euro and the negative economic statistical data on China and European countries. Negative investor sentiment was caused by several factors, among which worth mentioning the report of the European Central Bank (ECB) on new possible loss of European banks in the € 200 billion and warned that financial markets in the region in the near future will continue to gale. "It is possible that in the short term, France is likely to lose the highest credit rating. In addition, the agency S & P predicts that in the current or next year could be another decline in the housing market in the EU ", - experts say PSB.