The price of crude falls to a high of 8 weeks in New York



The price of crude falls to a high of 8 weeks in New York - Oil finished down slightly on Tuesday on the New York market, falling from a high of eight weeks, under the blow of rising dollar and renewed uncertainty about the global economic outlook.

The April contract on the U.S. light crude ended on a down 38 cents, or 0.46%, to 81.49 dollars a barrel.

Meanwhile, Brent crude dropped 53 cents (-0.66%) to 79.94 dollars.

The dollar, which often determines the evolution of crude because of its status as the currency exchange markets oil advanced 0.15% against a basket of currencies at the closing of the physical market in New York .

Stakeholders are also awaiting the weekly statistics of crude inventories in the United States, which should show a sixth consecutive weekly increase.

According to forecasts of analysts, crude stocks are expected to increase by 1.9 million barrels last week, and those of 200,000 barrels of gasoline. Inventories of distillates, including heating oil, were seen down 900,000

March 9, 2010

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