Nearest oil futures prices change chaotically on major world trading floors

/IRBIS, Dinara Mukasheva, September 9, 08/ - By the results of trades of September 8 this year: - on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in October 2008 increased by 0.10 % to $106.34 per barrel; - on ICE (London) price of October Brent Forties Oseburg futures fell by 0.62 % to $103.44 per barrel New York oil grew a little on new anxieties on reinforcement of hurricane Ayk and possible damages of oil producing plants in the region of Gulf of Mexico. On the other hand, insignificant oil quotation growth was connected with USD rate appreciating, when USA government announced on its decision to take mortgage companies Fannie Mae and Freddie Mac under supervision. Treasury will purchase $100 bn. of preferred shares of these companies and acquire debts on open trades, provided by the mortgage. Besides, Fannie Mae and Freddie Mac (and other 12 federal mortgage banks) will be provided by short-term financing. The data of exchanges, published in various information systems, have been used to create this message. [2008-09-09]