Nearest oil futures prices decreased by 3.59% - 4.44% on major world trading floors

/IRBIS, Dinara Mukasheva, July 16, 08/ - By the results of trades of July 15 this year: - on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in August 2008 decreased by 4.44 % to $138.74 per barrel; - on ICE (London) price of August Brent Forties Oseburg futures fell by 3.59 % to $138.75 per barrel On Tuesday oil quotations sharply fell on expectations of USA economy worsening. The reason was speech of the head of FRS Ben Bernarke on the meeting of USA Senate bank committee on risk increasing for USA rates of economy growth and inflation acceleration. As a result, traders took it as a signal of possible decreasing of demand on oil in USA and began to sell futures on oil delivery. The data of exchanges, published in various information systems, have been used to create this message. [2008-07-16]