Oil price down 3% to below $80
The oil price fell yesterday under the barrier of 80 $ because of the progress registered by the American dollar in comparison to the European currency.
Therefore delivery agreements programmed for June were signed at the price of 78,9 $ per oil barrel at the New York stock exchange and 79.04 at that in Singapore.
These quotations are the lowest in the last month and a half.
Also, the Energy Department in the United States has reported a raise of 2,76 million barrel in stock , reaching the June 2009 level.
As speculations are that the global request of fuel will increase due to the economic revival, at the beginning of April ,oil quotations were over 87 dollars, a level that had not been reached since 2008 on the international market.
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