Price of October futures for light WTI oil lowered

August 22, 2013

On Wednesday the world’s financial markets once again closed with a fall of major quotations due to reports that Greece would need a third bailout tranche in the middle of 2014.

In Europe the British FTSE 100 fell 0.97 percent down to 6,390.84 points, the German DAX 30 shed 0.18 percent down to 8,285.41 points, and the French CAC 40 dropped 0.34 percent making 4,015.09 points.

On the Russian stock exchange the MICEX index climbed down by 0.05 percent to 1,376.6 points while the RTS index fell 0.4 percent down to 1,312.47 points.

In the USA the Dow Jones shed 0.05 percent down to 15,002.99 points whereas the NASDAQ gained 0.68 percent stopping at 3,613.59 points, with the S&P 500 also growing – by 0.38 percent up to 1,652.35 points.

On the commodity market, the price of October futures for light WTI oil lowered by $1.26 reaching $103.85 a barrel at the end of the day. The price of October futures for the North Sea petroleum mix of mark Brent Crude Oil dropped by $0.34 finishing trading at $109.81 a barrel.

On the Forex market, EUR/USD is again at the resistance level 1.3380.

Anna Gorenkova, NordFX Analyst

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