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Oil falls 7% from beginning of 2010

01 July 2010 08:39 (UTC +04:00)

According to APA, oil fell $ 8.13 or 9.7% in the second term of 2010. At the same time, oil was down $1.66 or 2.2% a barrel during June.

Note that, the price dynamic in oil market depends on several fact that, some of them are accidental or unexpected. After the accident in oil platform at the Mexican gulf the oil price rose to maximal. Probability and opinions about the perspectives of restoration of world economy, information about the increase or decrease of production by the main oil exporters of the world are have impacts on the oil market.

Besides, the exchange rate of the dollar influences to oil price. So, decrease of dollar is reflected in increase of oil or on the contrary. But itâ€™s not true to associate sharply this index â€“ rate of dollar and oil price with each other during the crisis or after it. Because, both of these are the results of processes and tendencies in the world economy.