Wednesday, October 25, 2017

Waste oil from yesterday shocks

Waste oil from yesterday shocks

prices
oil away from nearly seven years
lows on Tuesday. By 12:00 MSK Brent
It added 0,64% since the beginning of the day
and costs $ 41 per barrel, futures
WTI rose to 0.42% to
$ 37.81.


The cause of the lung
rebound of oil came as a surprise from China:
Statistics on the import of goods here
It was surprisingly better than expected,
despite the economic downturn in the country.
The volume of imports declined year
terms in November by only 8.7%, although
It is expected to decline by 12.6%.


good data
It formed in the Chinese imports
including due to the demand for oil.
China's imports of crude oil for the first time
11 months increased by 8.7% to 6.61 million barrels
in a day. I grew up here and the sale of new
Car: 17.6 in November year on
expression.


"No doubt
that weakness in commodity prices
Products encourages China to a kind
opportunistic purchases. it
It is weak, but still support
commodity markets. "


Nevertheless,
the oil market remains weak after
OPEC's decision to maintain a high level of
production. Analysts warn
Now if the price of oil strikes
levels lows in 2008/2009, the following
target "sex" will be at
early 2000s.





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