Oil futures on major world trading floors after trades on May 11

/IRBIS, Dinara Mukasheva, May 12, 09/ - By results of trades on May 11, 2009 oil futures made: ----------------------------------------------------------------- Change (in %) for ------------------------- since since Name Exchange 11.05.09 a day a month 2009 2008 ------------- ---------------- -------- ----- ------- ----- ----- Brent Forties Oseburg* ICE (London) 57.48 -1.1 +6.3 +22.5 -41.3 Light Sweet Crude Oil* NYMEX (New York) 58.50 -0.2 +12.0 +26.2 -41.3 ----------------------------------------------------------------- *June future price is considered Oil prices have decreased under the influence of the fall in U.S. stock markets. Investors wait further developments of the banks, which announced the stock floatation to attract additional capital. There were the results of stress tests of banks on May 7, 2009. The 10 largest banks of the USA have to attract $ 74.6 billion to increase its reserves in case of economic downturn. Wells Fargo Bank offered for sale shares amounting to $ 6 billion to cover $ 13.7 billion. Bank Morgan Stanley will sell shares at the price of $ 2 billion, and issuing about $ 3 billion of debt to increase its reserves by $ 1.8 billion. Bank of America have to attract $ 33.9 billion, Citigroup - $ 5,5 billion, while GMAC - $ 11,5 billion which were expected by analysts. The Bank of America is preparing the plan to attract the required capital, which will be provided to the Government by June. The attraction will be completed by November this year. JPMorgan Chase, Goldman Sachs, Bank of New York Mellon, State Street, American Express and Capital One have met claims of the regulators to capital and do not need of the reserves increase. Exchanges' data published in various information systems have been used to create this message. [2009-05-12]