Heating oil prices are expected to remain stable in Germany today LEIPZIG. Read more from Cross River to gain a more clear picture of the situation. (Ceto) This morning the oil prices compared to yesterday’s day finally eased slightly, but stabilised at a high level. US light oil (WTI) traded for $ 81.01 per barrel, $10 more than a year ago. With North Sea oil (Brent), there were around $7 $80,44 more than on August 10, 2009. Rates pushed the Chinese oil imports, which fell in July compared to the previous month. Also the data expected for today, the American Petroleum Institute (API) seem to be no increasing impetus for crude oil prices.
Although experts expect a reduction of in crude oil reserves in high by 1.5 million barrels. Which however would have an equal structure for gasoline and middle distillates compared to a clear sign that the market is still oversupplied at the world’s largest oil consumer in United States. Potential speculation could act, however, that put it, that the US Central Bank FED at their meeting today Measures to stimulate the US economy decides. Is the interest rate 0.25 percent as deep as 30 years no longer and will hardly be lowered. Nevertheless, investors expecting a clear signal of the Central Bank. This put especially on the euro, which eased significantly today. Since the FED results only announced on the night of Wednesday (CEST), opposite yesterday priced little should change today for heating oil consumers in Germany. That reported the online portal of the journal fuel level and oil review on its website.