Even stronger demand decisive LEIPZIG. (Ceto) As already since the beginning of the week, crude oil prices tend sideways. Missing economic data provided for passive behaviour with investors. However, heating oil dealers in Germany could report today from a growing demand. This and a weaker euro resulted in premiums by more than one euro. After crude oil prices affect for weeks allowed by the ups and downs of stock prices, another parameter ensures that excitement the U.S. dollar now. Namely, share prices eased yesterday, arrested US light oil (WTI) and North Sea oil (Brent) prices for the two reference strains in their move sideways while could get even, rather than to slip with Valley.
This is ascribed to a back stronger US dollar. Only two days two eurocents per dollar of less had to be paid as a relatively stable period before (now 1.27 US dollars). For this reason speculation by financial investors, are the particularly on reports by Investment bankers intoxicated. They believed some errors detected in the stress tests of European banks. Although the financial market situation in the eurozone is anything but quiet.
But for an appreciation precisely the dollar missing in particular the economic nature almost all reasons. As the dependency of the local oil price by the euro-dollar exchange rate is known, today in contrast to the actual market situation and only this financial constraint led due to rising costs at the German heating oil. Also a slowly attracting demand was responsible for the rise in according to trade after weak summer business, which in turn led to numerous and extensive orders with the suppliers. That’s why to 1.06 euros prices 68,40 EUR 100-liter contour fuel oil (EL) (Federal average for a total quantity of 3,000 litres). Heating oil consumers should cover is still now, because oil is, regarding future price developments, currently relatively cheap. After the daily collection of the Prices rose Federal average market data by fuel level and oil Rundschau compared continuously from September until mid-November to 7 euros, before she again sank at the end of the year, without however a year ago to regain the relatively low level. A similar trend was observed here, the difference was even EUR 11 2007. Only 2008, there was a countervailing trend. Here the price of September fell to 34 euros, by the end of the year but what was summer due to the record price levels in the former. The graphics on the energy Portal show the development of the domestic fuel oil prices in the national average, and in the individual federal States in the section of market data. Regional deviations are possible due to the market at any time. It reported the online portal of the journal fuel levels and petroleum review.