Oil decreases due to Iran's negotiations and Greek's concerns

Source: Marketwatch
Crude petroleum futures decreased this Wednesday as expectations of Iran's business collaboration with International Agency of Atomic Energy alleviated problems of global supply, while an increasing possibility of Greek's exit from the bloc strengthened the opinion that demand for oil will fall further. The recently published by the government of the United States rates on oil supplies increased the pressure on petroleum prices. The administration of the International Agency informed on an increase in previous week's crude - oil provision, which was higher than market expectations. Crude petroleum for the delivery in July stepped lower by $1.30, a 1.4 per cent decrease, to a level of $90.55 on the New York's market.
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Thu, 24 May 2012 11:02:48 GMT

Business confidence in Germany fell more than anticipated

German business confidence index fell more than anticipated in May. Business climate index published by IFO institute in Munich, which surveys 7000 executives in Germany, missed the estimation by 2.5 and decreased to 106.9. Additionally, current situation sentiment fell by 4.2 to 113.3 with excecutives' expectations gauge decreasing by 1.8 to 100.9. After the report Euro lost 0.4% against the majority of

Thu, 24 May 2012 10:40:47 GMT

European stocks lose value amid the countries' leaders meeting

European shares faced the biggest decrease in value during the last month due to the growing concern regarding Greece leaving the Euro zone, while European countries' leaders were meeting in Brussels. The Stock Exchange Group(Plc) in London fell the most during two an a half years, following a sale made by UniCredit (SpA) and Intesa Sanpaolo (SpA) of their combined stake,

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