Oil prices keep under 70 USD
Oil prices were about at a standstill this morning. The effects of the American interest rate changes and the restriction of the Chinese financial politics are still visible at the global market. The Central Bank of the second oil importing country of the world, China, has increased the earmarked funds requirements of the commercial banks in order to narrow crediting and to avoid economy running hot. The prices are getting higher also for the American government threatening Iran with UN economic sanctions if they continue with their Nuclear programs.
Price of a barrel from West Texas Intermediate for the nearest July deadline was 69.03USD this morning, while it has finished on 68.98USD – 90 cents lower than on Friday.
Brent from the northern seas was 68.03 USD this morning for the closest possible August deadline. On Monday it finished on 68.11 USD, 69 cents lower than on Friday.
ADVERTISEMENT
Hungary Trade Surplus at EUR 308 mln in April
Parl't Approves Amendments to Legislation on Judiciary
Masterplast Sets up JV with Market Épitő
Landmark Budapest Dept Store to Reopen After HUF 8 bln Renov...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
