The price of Brent oil is on Tuesday morning
slightly increased. Around 11:00 a.m., he noted it as important
Future oil price benchmark for crude oil of the North Sea type Brent in
London at $ 36.05 a barrel (159 liters), around
one and a half percent higher compared to Monday’s closing price.
Market participants pointed to the rising oil price
the generally good mood on the financial markets. At last they had
further corona easing measures and new hopes for one
Vaccine pushed the exchanges. Riskier forms of investment such as
Raw materials benefited from this. There is also hope for one
oil demand picking up now that the economy is gradually increasing
is started up again.
Due to the significant recovery on the oil market after the outbreak of the
The Russian energy minister is also showing corona pandemic
Alexander Nowak confident. He expects the
Crude oil market already in balance in June or July
is, as he announced on Monday evening.
On the euphoric mood, however, could soon
increasing political tensions between the two largest
Oil consumers on earth, the USA and China, are burdened. At last they had
US action by China in the autonomous special administrative zone
Hong Kong criticized harshly. The People’s Republic wants control
about the financial metropolis of Hong Kong through a security law
expand.
The price of OPEC oil is on Friday at $ 28.06 each
Barrels like the OPEC secretariat in Vienna on Tuesday
announced. The cartel held the price last Thursday
still valued at $ 29.70. The OPEC price consists of one
Basket composed of twelve varieties.
The gold price presented itself on Tuesday as well
The beginning of the week changed only slightly. In the London gold trade
the troy ounce (31.10 grams) at $ 1,726.40 today at 11 a.m.
(Traded after $ 1,726.59 on Monday. The Commerzbank expert
Carsten Fritsch points out in his “Daily Info Raw Materials”
recently very weak gold demand in China and India. “This
underlines the current high dependence on gold demand and
the price of gold from the demand for gold ETFs, “he writes.
(Conclusion) pma / dkm
– .
