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

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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

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