Fuel Oil Price
A quiet day of trading on commodity exchanges – public holiday in the United States of LEIPZIG. (Ceto) Because of a holiday in the United States, today barely moving crude oil prices and commuted to the day last Friday. Significant impetus for trade were missing. Heating oil consumers in Germany enjoyed them lower prices after the gains at the end of last week back to 21 cents. The week started quietly on the crude oil markets. While the NYMEX floor in New York remained closed because the Americans celebrate their Labour Day, it was pretty quiet, also at the London Intercontinental Exchange (ICE) though there normal work day. Lack of impulses from the economy and an unchanged market situation brought a relaxed day with prices to Friday day concluded the dealers here.
That could change tomorrow but again. The United States has the Sommerfahrsaison to end. Usually during this period higher gasoline demand remained below average this year. Therefore, experts expect that the already subdued demand in the biggest Crude oil consumer is once again collapsing. This is supported by crude oil reserves at record levels. Investors assume anything good here. The net-long positions, so those who assume that rising prices in the future, have been drastically reduced and fell to its lowest level since July. For heating oil consumers today as good as nothing changed in Germany.
Conformed to the quiet market situation and the rates fell 21 cents to 67,17 euros for the game of 100 litres fuel oil (EL) (Federal average for a total quantity of 3,000 litres). It reported the online portal of the journal fuel levels and petroleum review. 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.
Tags: climate & environment, energy