/IRBIS, Dinara Mukasheva, March 25, 08/ - By results of trades on March 24 of the current year:

- on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in May 2008 decreased by 0.96% to $100.86 per barrel;

- on ICE (London) price of May Brent Forties Oseburg futures decreased by 0.52% to $99.86 per barrel;

A possible reason for the recurrent decrease of prices is the reduction of investments in commodities by the hedge-funds. This reason was read out load by Financial Times: according to the announcement of David Holmes from Dresdner Bank, the hedge-funds are closing the majority of their positions, most likely, fixing the profits.

Thus, in case of accuracy of this supposition, the prices for oil will be near to correct in the nearest future.

Data of the exchanges, published in various information systems, were used here.

[2008-03-25]