trapez-finance.org >> Storm in the Gulf of Mexico, Crude Oil Still Become Lower

Crude oil prices in the world returned to lower levels of thin USD79 per barrel, in trading Tuesday (10/11/2009), as a storm in the Gulf of Mexico. As reported by the Associated Press, Wednesday (11/11/2009), price of oil for December contract fell 38 cents to a level USD79, 05 per barrel, in trading the New York Mercantile Exchange. While in London, the price of Brent oil fell 27 cents to U.S. $ USD76, 5 on ICE Futures.

Current storm entered Mexico in category 1 or category decreased to a tropical storm on Monday. A number of oil producers like Royal Dutch Shell and Anadarko reported no damage to the facility and said he would return on Tuesday of this activity.

Despite the current oil supply is very large in number, but the weakening U.S. dollar triggered investors to collected and will take it off when oil prices soared. While the International Energy Agency lowered its world oil demand of 106 million barrels per day to 105 million barrels per day.

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