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Saturday 21.10.2017 | Name days: Severīns, Urzula
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Oil prices suffer decline on the world market

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Monday, 13 March, oil prices on the world market suffered a decline, which is largely associated with investors’ concerns over whether or not crude supply from USA can impact effort of the Organization of the Petroleum Exporting Countries to limit oil production and reduce excessive energy supplies.

Stock exchange indexes in USA and Europe had registered an increase on Monday, which was largely because of the growing belief that the US Central Bank will realize base interest rate increase after positive employment data in the country.

Meanwhile, British pound sterling value has grown in relation to speculations that Britain might commence the official Brexit process on Tuesday.

New York stock exchange electronic trading system had recorded a decline of WTI crude for supplies in April. This decline was USD 0.09 – the price dropped to USD 48.4 per barrel. Brent crude price for supplies in May dropped by USD 0.02 (to USD 51.35 per barrel) at London stock exchange.

Dow Jones Industrial Average index dropped by 0.1% (to 20,881.48 points). Standard & Poor’s 500 index increased by less than 0.1% (to 2,373.47 points). Nasdaq Composite index increased by 0.2% (to 5,875.78 points).

FTSE 100 index of London stock exchange grew by 0.3% (to 7,367.08) on Monday, 13 March. CAC 40 index of Paris stock exchange grew by 0.1% (to 4,999.6 points) and DAX 30 index of Frankfur stock exchange grew by 0.2% (to 11,990.03 points).

Euro value in relation to US dollar declined from USD 1.0672 to USD 1.0654 per EUR 1. British pound sterling value in relation to US dollar grew from USD 1.2169 to USD 1.2224 per GBP 1. US dollar value in relation to the Japanese yen grew from JPY 114.78 to JPY 114.84 per USD 1.

Ref: 225.109.109.2408


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