On the German market, it could come today, however, no major movements, to neutralize the different specifications. LEIPZIG. (Ceto) Crude oil prices started the day with losses. US light oil (WTI) ranked at just above 81 dollars per barrel, produced from oil reservoirs (Brent) was about two dollars in. Opposite yesterday morning, this means a loss of up to two dollars. Analysts as in the past few weeks call common first and foremost as an impetus for this development the dollar slightly moved on since yesterday.
The mechanism: Dodge investors to oil and other commodities When the dollar was falling. This relationship is also in the other direction: A stronger dollar pushes oil prices. To get statements from Saudi Arabia, where the Organization of petroleum exporting countries (OPEC) apparently seeks to no change in its rate, a barrel price between 70 and 80 dollars was ideal.” On the German market, it is likely today, however, no major movements come, to neutralize the different requirements: while the crude oil prices declined, but the euro also gave way. However, soon in southern Germany’s oil will be scarce and could generate price pressure, unless the French port workers strike continues. The world’s third largest oil port at Marseille is affected by the labor dispute. Currently more than 50 tankers wait for their discharge, what should have influence on the local supply situation in the medium term..