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Price of a barrel «OPEC» fell to $ 55
The price of a barrel of oil out of OPEC basket of crudes big decline in trading yesterday the first Tuesday, and arrived to $ 55.91. And announced the General Secretariat of the Organization of Petroleum Exporting Countries (OPEC) in its statement yesterday that the price of their products basket, which includes 12 types of crude oil, fell by 3.47 percent Tuesday compared to the close of the previous session. And thus continue to rate the "black gold" for "OPEC" decline of the tenth session in a row, Mrakma loss of $ 12.22 during the last two weeks, to remain at the lowest level since May 2009. The European Brent crude (combination "Brent") January delivery (January), scored in early trading today to $ 59.75 a barrel in the futures market, a decline of 0.18 percent compared to the close of the previous session. At a time when officials in the Gulf governments confirms that their budgets even bear to drop the price of a barrel of oil to $ 40, investors are not hiding in the capital markets in the region concerned.
With the continuing decline in the leading market indicators, such as Qatar and the UAE, Saudi Arabia, investors fear that it's not about a temporary circumstance, but steady for the foreseeable future awarded me, affecting economies in the rest of the sectors. According to media reports in the Gulf markets have recorded a loss of $ 49 billion. Scored DFM down by about 22 points in December / December to reach its lowest level since. The picture looks quite the opposite with respect to these markets once compared by placing them in July when he performed the best at the international level, despite the political and security tensions and unrest that prevailed in the region, which did not affect the price of oil, which has remained ranging $ 100 mark
On Tuesday, Dubai's index fell 7.3 which is the same percentage that fell by the Saudi market index to reach its lowest level in six years, while the Abu Dhabi index fell 6.9 percent, also to its lowest level since.
Horror shook investors in Saudi Arabia market, especially with the registration of some stocks down ten points Celsius which indicates the likelihood of continued weakness, not to mention the overall decline rate of 34 percent since September / September, according to analysts.
What governs the logic here is simple equation based on the Gulf economies based only on energy. In the case of a drop in oil profits will decline government spending which slows down with the rest of the sectors. A senior investment strategist at "Black Rock," Ross Foundation Costarich "It is clear that energy stocks higher allocations prominent compared to how developing markets. In the United States there are other sectors do not benefit low oil prices."
The currency analyst at the "Brown Brothers Harriman" Win Thein Foundation Vnnbh that there is a fear that the freezing of the implementation of projects in the energy will affect the workers in the oil sector in the Middle East salaries, leading to a decrease in the consumption sector. But he stressed that this does not mean that the Gulf states will see cash flow problems because it has secured itself well in recent years. On Monday, the price of oil reached its lowest level since 2009, the year in which the global economy defeated towards deflation, where down to below $ 56 a barrel
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The price of a barrel of oil out of OPEC basket of crudes big decline in trading yesterday the first Tuesday, and arrived to $ 55.91. And announced the General Secretariat of the Organization of Petroleum Exporting Countries (OPEC) in its statement yesterday that the price of their products basket, which includes 12 types of crude oil, fell by 3.47 percent Tuesday compared to the close of the previous session. And thus continue to rate the "black gold" for "OPEC" decline of the tenth session in a row, Mrakma loss of $ 12.22 during the last two weeks, to remain at the lowest level since May 2009. The European Brent crude (combination "Brent") January delivery (January), scored in early trading today to $ 59.75 a barrel in the futures market, a decline of 0.18 percent compared to the close of the previous session. At a time when officials in the Gulf governments confirms that their budgets even bear to drop the price of a barrel of oil to $ 40, investors are not hiding in the capital markets in the region concerned.
With the continuing decline in the leading market indicators, such as Qatar and the UAE, Saudi Arabia, investors fear that it's not about a temporary circumstance, but steady for the foreseeable future awarded me, affecting economies in the rest of the sectors. According to media reports in the Gulf markets have recorded a loss of $ 49 billion. Scored DFM down by about 22 points in December / December to reach its lowest level since. The picture looks quite the opposite with respect to these markets once compared by placing them in July when he performed the best at the international level, despite the political and security tensions and unrest that prevailed in the region, which did not affect the price of oil, which has remained ranging $ 100 mark
On Tuesday, Dubai's index fell 7.3 which is the same percentage that fell by the Saudi market index to reach its lowest level in six years, while the Abu Dhabi index fell 6.9 percent, also to its lowest level since.
Horror shook investors in Saudi Arabia market, especially with the registration of some stocks down ten points Celsius which indicates the likelihood of continued weakness, not to mention the overall decline rate of 34 percent since September / September, according to analysts.
What governs the logic here is simple equation based on the Gulf economies based only on energy. In the case of a drop in oil profits will decline government spending which slows down with the rest of the sectors. A senior investment strategist at "Black Rock," Ross Foundation Costarich "It is clear that energy stocks higher allocations prominent compared to how developing markets. In the United States there are other sectors do not benefit low oil prices."
The currency analyst at the "Brown Brothers Harriman" Win Thein Foundation Vnnbh that there is a fear that the freezing of the implementation of projects in the energy will affect the workers in the oil sector in the Middle East salaries, leading to a decrease in the consumption sector. But he stressed that this does not mean that the Gulf states will see cash flow problems because it has secured itself well in recent years. On Monday, the price of oil reached its lowest level since 2009, the year in which the global economy defeated towards deflation, where down to below $ 56 a barrel
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