Crude Oil $106.70

The USA are responsible for a quarter of the worldwide crude oil demand. The petrol and fuel supplies, of which an increase with 1.2 million barrels was forecasted, ended up stronger than expected with an increase of 1.6 million barrels up to 202.2 million barrels of crude oil. Analysts counted here on an increase of 300,000 barrels. There by the refining capacity decreased with 0.6 percent point up to 88.8%. The supply stock of heating oil and diesel - decreased with 800,000 barrels up to 131.5 million barrels. The latest interest decision of the Fed will probably not have much influence on the price of crude oil. Analysts counted on an increase with 0.1 percent point. All this rolled up together results in oil price above $95 a barrel in afternoon trade. According to analysts lower interest rates can prevent that the US economy heads up for a recession which stimulates the demand for crude oil.