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Oil prices on decline

29 April 2009 07:24 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Crude oil fell for a second day on concern that fuel demand will drop as the swine-flu outbreak curtails travel and delays a recovery from the global recession, Bloomberg reported.
Oil, gold and copper declined as the World Health Organization raised its global pandemic alert to the highest since the warning system was adopted in 2005, saying the disease is not containable. Crude surged 11 percent last month as the stock market rose on speculation that the economy and energy consumption would rebound later this year.
Crude oil for June delivery fell $1.29, or 2.6 percent, to $48.85 a barrel at 9:10 a.m. on the New York Mercantile Exchange. Prices are up 9.5 percent this year.
Other commodities dropped on concern that spread of the disease will exacerbate the economic slowdown. Copper touched a two-week low.
Brent crude for June settlement fell $1.06, or 2.1 percent, to $49.26 a barrel on Londonâ€™s ICE Futures Europe exchange.

Aprelin 28-dÉ™ Nyu-Yorkun NYMEX É™mtÉ™É™ birjasÄ±nda keÃ§irilÉ™n ticarÉ™t É™mÉ™liyyatlarÄ±nÄ±n gediÅŸindÉ™ WTI neftinin ixracÄ±na dair may mÃ¼qavilÉ™sinin dÉ™yÉ™ri 0,22 dollar vÉ™ ya 0,44% azalaraq 1 barelÉ™ gÃ¶rÉ™ 49,92 dollar tÉ™ÅŸkil edib. Â«APA-EconomicsÂ»in mÉ™lumatÄ±na gÃ¶rÉ™, aprelin 28-dÉ™ ICE London qitÉ™lÉ™rarasÄ± birjasÄ±nda mayda ixrac etmÉ™klÉ™ Brent markalÄ± neftin 1 barelinin dÉ™yÉ™ri isÉ™ 0,33 dollar artaraq 49,99 dollar tÉ™ÅŸkil edib.
Neftin ucuzlaÅŸmasÄ± iki É™sas sÉ™bÉ™blÉ™ baÄŸlÄ±dÄ±r. BelÉ™ ki, ilk nÃ¶vbÉ™dÉ™ neftin ucuzlaÅŸmasÄ±na ABÅž vÉ™ Avropa fond bazarlarÄ±nda kotirovkalarÄ±n enmÉ™si, digÉ™r tÉ™rÉ™fdÉ™n isÉ™ ABÅž-da Ã¶tÉ™n hÉ™ftÉ™ neft ehtiyatlarÄ±nÄ±n artmasÄ± mÃ¼ÅŸahidÉ™ olunub. Qeyd edÉ™k ki, Ã¶tÉ™n hÉ™ftÉ™ ABÅž-Ä±n xam neft ehtiyatlarÄ± 4,584 mln. barel artaraq 374,823 mln. barelÉ™, benzin ehtiyatlarÄ± 2,560 mln. barel azalaraq 215,989 mln. barelÉ™, mazut vÉ™ dizel yanacaÄŸÄ± ehtiyatlarÄ± 1,581 mln. barel artaraq 144,362 mln. barelÉ™ Ã§atÄ±b. Eyni zamanda, Ã¶lkÉ™nin gÃ¼ndÉ™lik neft idxalÄ± 525 min barel azalaraq 9,722 mln. barel tÉ™ÅŸkil edib.