International Stock Exchanges Are In Decline. Oil Will Be Cheap!
Friday, October 3, 2008
Investors' fears concerning the U.S. economy state and demand for oil has led to a fall in oil prices at the Asian electronic exchanges. Thus, in the morning changes, the price of oil "ligh sweet crude, with delivery in November has low with an dollar, reaching 92.97 U.S. dollars per barrel. Thursday, the oil was barred at 93.97 U.S. dollars per barrel, at the New York exchange.
Brent oil, with delivery in November was down by 87 cents, reaching the value of 89.69 dollars per barrel. In the United States, the world's biggest consumer of oil, the demand for petroleum products has fell with 7.1% in the last four weeks compared with the same period last year.
Asian stock exchanges, in decreasing
Japanese stock exchange was closed, Friday, falling to 1.94 percent, and the NIKKEI-225 index has reached the level of 10938.13 points, notes France Presse. Financial markets from South Korea are closed during the national day.
And the Hong Kong stock exchanges ended the first session Friday in the fall with 2.12%, Hang Seng index reaching at the value of 17824.80 points.
