Price of April futures for light WTI oil dropped by $0.19

February 28, 2014

Yesterday world financial markets closed with a slump. As such, in Europe Britain’s FTSE 100 grew 0.16 percent up to 6,810.27 points, Germany’s DAX 30 fell 0.76 percent down to 9,588.33 points, and France’s CAC 40 climbed down by 0.01 percent reaching 4,396.39 points.

In Russia, the MICEX index shed 1.42 percent down to 1,448.70 points while the RTS index slumped 1.95 percent down to 1,260.95 points.

In the USA, the Standard & Poor's 500 fell 0.5 percent down to 1,781.56 points, the Dow Jones Industrial Average dropped 0.3 percent stopping at 15,837.88, and the NASDAQ fell 1.1 percent down to 4,083.61 points.

On the oil market, the price of April futures for the North Sea petroleum mix of mark Brent Crude oil went down by $0.56, making $108.96 a barrel. The price of April futures for light WTI oil dropped by $0.19, down to $102.40 a barrel.

On Forex, EUR/USD continues its correction within the 1.3760-1.3660 range.

Anna Gorenkova, NordFX Analyst

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