Decline in oil prices on world markets


Oil prices on world markets today marked a slight decline after yesterday reached the highest value in the past 18 months.

The Stock Exchange In London, “Brent” today cheaper by 0.2 per cent to 55.57 dollars a barrel, while electronic trading on the New York Mercantile Exchange, the price of the American “light” oil declined 0.4 percent to 52.65 dollars per barrel.

The tendency for cheaper oil has not affected dramatically today’s release of data that indicate stabliziranje economic growth of China, which is the second largest economy in the world and one of the leading consumers of energy.

Lowering the price of oil comes along with the fall in the dollar relative to competing currencies ahead of the Fed decision.

The Tokyo Stock Exchange today a dollar changing for 115.20 yen, after he was worth 116.12 yesterday, the highest since February this year.

The dollar weakened against the euro, so today one European currency is exchanged for 1.0630 US. Yesterday one euro cost 1.0560 dollars.

Such changes come in the wake of today’s start of two-day meetings of the leadership of the Fed, which is expected to be decided to increase the key interest rate in the US for between 0.25 and 0.5 percentage points, which would be its first growth after nearly a year.

Despite the Fed’s decision on interest rates, which should be posted tomorrow on the stock markets influenced by the expected change in economic policy after taking office of US President-elect Donald Trump.