Source Pravda.Ru

Crude prices slip back

Crude oil prices declined modestly today from the new record levels, following reduced supply disruption risks in Venezuela. The US light crude price declined to $46.30 per barrel, after peaking at $46.91 per barrel earlier today, which was the new record high in the 21-year history of oil futures trading at the New York Mercantile Exchange. The London Brent crude price declined to $43.60 per barrel from a new record high of $44.11 per barrel reached earlier today, according to New Ratings.

A string of rallies have been pushing the cost of crude to new records on an almost daily basis. Fears of terrorist attacks, disruptions to Iraqi crude exports and financial troubles at Russia’s largest oil producer, Yukos, have all fuelled the situation. Bruce Evers, oil analyst at Investec Securities, said: "With demand remaining as tight as it is and supplies as tight as they are, everything points towards the possibility of higher prices", reports PA News.

Comments
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
The Royal Wedding and the Silly Season
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Science Has Once Again Declared: ‘We Were Created’
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
World's most beautiful man lives in Ukraine
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Why Putin should say nothing when USA and Germany fight over Russian natural gas