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You are here : World News – Russian opinion» Business» Oil prices up on Friday slowed the fall in anticipation of the ECB's actions

Oil prices up on Friday slowed the fall in anticipation of the ECB's actions

Posted By Russian Opinion. Under Business  Tags: нефть, тарифы и цены  

On the New York Stock Exchange NYMEX (New York Merchantile Exchange) cost of November futures for U.S. mild crude oil Light Sweet Crude Oil fell by 0.66 bucks – up to 79.85 bucks a barrel. November futures price for North Sea petroleum mix of mark Brent Crude Oil at London exchange ICE (InterContinental Exchange Futures) trading results decreased by 1.52 bucks – up to 103.97 bucks a barrel. Thursday Quotes of WTI crude oil finished trading was down 6,3%, Brent has lost 4.4% in a single-term reduction of commodity markets. At the beginning of the day on Friday took place not too noticeable upward correction, but then resumed its raw materials became cheaper. Earlier, referring to mainstream media, some experts told the ECB itself in the long term shift to the worst decline in the euro area has the opportunity to undertake ancillary incentives such as reducing the basic rate of refinancing, and still decide to resume the issuance of long-term loans for a period of 12 months or more. ECB base rate there is now at 1.5% per annum. The controller evaluates the increase as a measure of control with acceleration of economic stagnation, however, given the view of some specialists, the negative macroeconomic statistics, and even the rise of concerns over defaults sickly eurozone economies have all chances to get the ECB to review projects on its subsequent increase to the contrary.

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