Nearest oil futures prices decreased 1.76 % - 2.17 % on major world trading floors

/IRBIS, Dinara Mukasheva, August 29, 08/ - By the results of trades of August 28 this year: - on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in October 2008 decreased by 2.17 % to $115.59 per barrel; - on ICE (London) price of October Brent Forties Oseburg futures fell by 1.76 % to $114.17 per barrel After three days of growth, on Thursday oil started to fall on USA Ministry of Energy announcement on considerable increase of gas reserves in the country. It was taken by the market as a regular sign of demand decreasing on fuel due to low rates of USA economy growth. On the other hand, reinforcement of tropic storm Gustav in Gulf of Mexico to the hurricane of first category supports oil. The USA National Hurricane Centre forecast hurricane to reinforce to the forth category and reach the cost of Louisiana and Taxes on September 1. Besides, there is a possibility that Gustav may become as strong as Katrina and Rita hurricanes and make disasters in this region. The data of exchanges, published in various information systems, have been used to create this message. [2008-08-29]