World market prices for oil up to the auction on February 4 2010. the leading oil exchanges declined considerably.

Trading on exchanges in New York and London on the eve of a sharp drop in prices resulted in “black gold” - oil futures have fallen in price in one day at 5%, because of what a barrel of oil dropped in price by an average of U.S. $ 3,8

results of trading on the stock exchange for oil contracts first position was as follows: the New York Mercantile Exchange, on an urgent New York Mercantile Exchange (NYMEX) the official price of the futures Light, Sweet Crude Oil (March) lost $ 3 per day for 84 cents and steady at around 73.14 dollars per barrel. with a range of prices of transactions per session 72,42-77,17 per barrel.

in London on an electronic commodity exchange InterContinental Exchange Futures Europe (ICE Futures Europe) The official price for the futures IPE Brent Crude (March) fell by 3 dollars 79 cents and steady at around 72.13 dollars per barrel. with a range of prices of transactions per session 71,43-75,95 per barrel.

Falling prices for oil futures was due to liquidation of long positions by commodity assets whose prices are set in U.S. currency, on the eve of soaring against the euro and other major world currencies. Thus, the indicator of the market Forex, reflecting changes in U.S. dollar relative to basket of six leading world currencies, Dollar Index rose by 0.7% to 79.916 points - the highest value since mid-July 2009.

Meanwhile, the price a single European currency fell to its lowest level in nearly eight months - 1.3743 USD /EUR, which was due to debt problems of Greece, Portugal and Spain.

Active selling of oil futures also greatly contributed to fears of continued low demand for oil and energy derivatives, entrenched on the eve after data on unemployment in the U.S.. According to official information of the Ministry of Labor, unemplofacyment in the country during the latest reporting week was slightly more than expected.

Thus, the number of initial claims for unemployment benefit for a week, which ended on 30 January 2010. has increased compared with that of the previous week to 8 thousand and reached 480 thousand hits, while analysts had expected that this figure not exceed 455 thousand hits.

At the same time, despite the sharp fall in prices for oil futures, the official price of oil on the stock exchanges on the basis of trading on February 4 have not changed. Official prices of oil have been established on the eve of the lowest level in four trading days, but markedly higher than in, established by the end of January.

recall as at 29 January this year the official price of Brent oil stood at 71.46 dollars per barrel. and the official price of oil WTI (Light Sweet) - 72,84 dollars per barrel. that at that time corresponded to their lowest price values for the six weeks.

note for the first two days this week, oil prices on the stock exchanges rose on average by 6,1%, whereas for the last two sessions, they fell by about 5,2%. Thus, the results of the previous two days, oil prices have been partially preserved, which has helped keep the market from a deeper drop.

Slightly better market the securities of telecommunications companies, in particular, Rostelecom, trading in positive territory small
If the downtrend will continue to evolve, then the quotation will fail far below the level of 1230-1250 points on the MICEX Index