Heating oil prices also could rise today easily LEIPZIG. (Ceto) This morning, a trend that yesterday hinted after the strong gains of last week show crude oil prices further sideways. On Monday, prices on the commodity futures exchanges showed hardly any activities in New York and London with low trading activities and at the end of the day, moving back their output values, on which she also this morning remained. Essential missing economic data are cause for the location of the market. Today, estimates of the American Petroleum Institute to the crude oil reserves in the United States are expected. Experts anticipate a further reduction by 2.1 million barrels in crude oil. But even this decline would alter the generally over powered market situation with record reserves and the largest oil consumer in the world.
Production bottlenecks in products, caused also by a possible hurricane in the Gulf of Mexico, are therefore not to be feared. Heating oil consumers in Germany have today with light Expect surcharges as crude oil prices remain driven by the stock markets and rising at least in Europe and Asia. The increase could be mitigated by a back stronger euro was traded today morning just below $1.29 for a week the highest value. That reported the online portal of the journal fuel level and oil review on its website.