Nearest oil futures prices decrease by 1.01 % - 1.05 % on major world trading floors

29.09.08 17:55
/IRBIS, Dinara Mukasheva, September 29, 08/ - By the results of trades of September 26 this year: - on NYMEX (New York) the price of Light Sweet Crude Oil mixture with delivery in November 2008 decreased by 1.05 % to $106.89 per barrel; - on ICE (London) price of November Brent Forties Oseburg futures fell by 1.01 % to $103.54 per barrel Oil fell on growing uncertainty on the USA Congress adopting the financial sector support plan. The major debates regard volume of assets, which will be directed to redemption of bad mortgage assets. At that, analysts said if the amount of help is significantly lower than that of declared $700 bn. it will be hard to save the state. Washington Mutual shutdown and its further purchase by JPMorgan Chase & Co. by the Government was an accessory pressure factor. The data of exchanges, published in various information systems, have been used to create this message. [2008-09-29]