World prices on oil went down sufficiently
IPE Brent Crude - 54.88 (-1.33) $/barrel; Light Sweet Crude Oil - 57.36 (-1.35) $/barrel.
It should be mentioned that price on oil Light Sweet fell the day before as a result of technical correction because there was no trade at NYMEX on November 24 and 25. High spread made purchase of Light Sweet oil futures technically unattractive. Therefore prices went down at the beginning of the day.
Additional pressure on Light Sweet caused situation on market of fuel oil. Prices on mazut decreased by 2% because of sufficient storages in USA.
It should be mentioned that price of oil OPEK "basket" decreased by the end of last week but stayed higher than 50 $/barrel. According to state on November 25 the price of "basket" officially amounted to 50.42 (-0.47) $/barrel.
Since end of June, 2005 OPEK representatives consider price 50 $/barrel as lower level of unofficial price corridor of "basket" - 50-55 $/barrel.
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