U.S. Crude Oil Futures Fall Sharply

Monexnews-

U.S. crude oil futures fell sharply in Asian trade session Friday over concerns related to weak mencuatnya new demand from China U.S. &.

Observed so far U.S. crude oil futures prices for the month of April, contracts weakened-0.99% at level $ 142.14 per barrel, after reaching its highest point at $ 91.97 and lowest daily level at $ 91.06.

Depressed oil prices on Friday after a report on manufacturing activity fueled concerns that China's economy is losing momentum and influence the rate of demand for oil. Many analysts still see the attenuation is limited, because there are already signals return to Easter holiday day of Chinese oil purchases.

Other negative catalyst is the anxiety of the U.S. oil demand declines, which affected the electrical potential negatives of spending cuts of $ 85 billion, which effectively applies as of 1 March, after the Senate rejected several proposals put forward to avoid automatic Government spending.

(Sap)

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U.S. Crude Oil Futures Continue Weakening

Monexnews-

U.S. crude oil futures plummeted-1.47% on Thursday continued weakening Wednesday yesterday over concerns of investors that the price of energy that led to the too high demand.

The Volume of trading also rose as they signifkan the weakening of oil prices to the lowest level in the last month under $ 79 per barrel.

The Eurozone Manufacturing PMI Data are weak also add to the negative sentiment of the market participants, due to an indication of a weakening European economy deeper in the month of February and the growth of the GDP report opportunites that are negative in the first quarter of 2013 so that the demand still weak diekspektasikan.

Other negative catalyst is the increase in the stock of u.s. oil reserves to supply outside forecasts reported by fire on Wednesday. Crude oil inventories were reported up beyond estimates BCA wrote 3juta barrel 2 million barrels. Furthermore the market participants will await the EIA oil reserve stock reports will be released later tonight.

(Sap)

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