Oil prices fell by more than two dollars yesterday and the downward movement spilled over to other energy related commodities. Short term gas was up in the UK, however, as market players fear strike action in Scotland.
At New York's WTI exchange, oil for June delivery dropped 2.24 day on day to settle at USD 116.06/barrel as players adjusted to a stronger dollar. Analysts are speculating that the US Federal Reserve will stop cutting interest rates, which could also lead to a strengthening of the dollar, according to media reports.Similarly in London , Brent for June fell 2.12 dollar to USD 1
Freitag, 25.04.2008, 08:00 Uhr
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