Oil 6% Plus!

Sensitive to economic growth in recent days, oil prices moving in a fix
entered into. Prices are falling in the last three days, nonstop. This is the month of May, after the longest
decline was pale.

So, Why?
The U.S. debt limit to a few days time will be filled today, while a source of concern
preoccupy investors are now more fundamental problems. Which is 14.3 trillion dollars
As of yesterday, 2.1 trillion dollars the Federal Government's borrowing limit was increased.
Expected reduction of about 2.4 trillion dollars in spending.

If the U.S. continues to worry about with global investors. Economic recovery
Despite an increase in the debt limit of power and note that AAA be broken and the biggest concern
uneasiness. On the other hand, expectations for growth in the stirring heads.

Described in the last 2 weeks Following the announcement of the quarter and 1.3 percent growth figure
(This estimate of 3.5 percent at the beginning of the year 's currency) yesterday described the ISM data were also satisfactory
was not. Considered a pioneer of the ISM data has pointed to growth in 3rd quarter Is a quarter
For the rest of the year in the name of economic growth is at risk, the fact that the market
led participants in the sale. Of course, the European factor in the global markets, creating pressure
Estimates of the downward trend in the growth of these countries in the region. USA Europe
and manufacturing industry to China Index fell in July, the global economic recovery
increased concerns about the slowing.
Here are the concerns of the growing world economy, locomotives, oil prices, hard
is led to a correction.

$ 100 back!
Last week watching the U.S. type of crude oil at $ 100 a barrel price in New York City
Trade Stock Exchange under its current operations in 94 came on the dollar. Support levels
The purchases of crude oil price per barrel is trading at over $ 94. Thus, the
There was a correction of 6 percent by week. But prices are still 16 percent compared to last year
is above.

If a barrel of Brent oil in London today experiencing loss of up to $ 1.25 to $ 115.53
declined.

EXPERTS SAY WHAT?
German Commerzbank analyst "in the U.S. debt ceiling, but the crisis appears to have been resolved
yöneik this time concerns the country's economy has occurred, "was passed.
HSBC economist Frederic Neumann, the messages from all industries in the U.S. and Europe
pointed to a slowdown in industry was passed.
Blue Ocean Brokerage tarderları and analysts last week, described the terrifying growth
data and the revision of the economy that poses the question marks about the future of
pulled.

According to Societe Generale'a oil prices, the rally before the hanging from the bottom of a long-term channel
May test for $ 92.50. Declines to the level of support may continue.

National Australia Bank Ltd., based in Australia.'s Maen and energy expert
indicators and data in the United States weakens oil economist Ben Westmore
you save 98 dollars per barrel of oil for the third quarter will occur at the level of
Larsson.