Price growth prevents the dollar

Yesterday continued growth of quotations of oil on world markets against the backdrop of the continuing cold weather in most parts of the United States. It promotes the growth of demand for fuel. February futures price for North Sea petroleum mix of mark Brent Crude Oil at London exchange ISE (InterContinental Exchange Futures) following trades rose to 0.32 U.S. dollar - up to 77.64 dollars per barrel. On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of the February futures for U.S. light crude oil Light Sweet Crude Oil rose by 0.1 dollar - up to 78.87 dollars per barrel. "Oil is trading positively in anticipation of further reduction of fuel across the ocean", - said Dmitry Savchenko, an analyst with the group of experts BCS-Express. "In addition, support was good statistics potrebdoveriyu in the U.S. and the prices at home. On the other hand, good macroeconomic expectations re-run the growth mechanism of the dollar, which adds a second consecutive day. As a result, growth in the commodities market was limited. WTI crude oil increased by 0.32%, to $ 78.78 a barrel. Additional support for the energy market has increased tensions in the Middle East, where Iran has accused the eve of the U.S. and Britain of meddling in internal affairs. Unrest continues in Tehran "- he explains. "As oil storage for the week were missing 4.9 million barrels, even for winter over-quantity. As a result, for the first year, stocks have become "normal", ie not very different from the average over the past five years. Gasoline inventories typically accumulates during the winter, but this time they decreased by -0.9 million barrels. Stocks of fuel oil also decreased by a significant -3.1 million barrels. The result was a qualitatively new situation, when for the first year of energy in the market not too much. It is therefore not surprising that oil prices have again gone under 80 dollars per barrel. In the fall of stocks blamed cold weather and snowfalls in the week. But there is a long-term factors. Systematically decreases oil imports in the U.S. for almost lowland production. Last week, its volume is commensurate with the volume of a year ago, when the tank blocked the path of hurricanes Gustav and Ike "- says the review" Univer Capital ".