Oil increases to $100.16 a barrel

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Source: Markletwatch

Oil futures increased by 1.4% to $100.16 a barrel today, after drop caused by growing probability of the Eurozone's crisis. In the US crude oil climbed by 1.33% during the morning trade on the New York Merchantile Exchange. However, the price for crude oil declined again and the current price is $98.66 a barrel.

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Fri, 18 Nov 2011 14:58:57 GMT

Greece will decrease its deficit

The new government of Greece is discussing measures to prevent debt crisis. Finance Minister Evangelos Venizelos made a forecast that the deficit will decline from 9% of GDP in 2011 to 5.4% in 2012. The reason is that commercial banks write off one half of Greece's debts as part of the Eurozone's bailout strategy.

Fri, 18 Nov 2011 15:34:36 GMT

Oil Spill near Rio de Janeiro coasts

Brazil is investigating oil spill in 120km from the coast of Rio de Janeiro state. The responsibility of the spill lies on the US company Chevron. About 600 barrels of oil shaped a slick on the water. Fortunately the spill moves away from Brazilian coast as more than 17 ships clearing up the spill. In case Chevron does not fulfill its obligations to clean

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