Fuel oil prices rise in the 9.Kalenderwoche 2007 to the highest in this year

- for the 9.Kalenderwoche 2007 the following concrete evaluation for the individual ranges can be made:

1.Auf basis of current pricings of the fuel oil portal www.brennstoffhandel.de is the fuel oil price for 3,000 a litre portion size for fuel oil of the sort standard quality in the 9. Calendar week 2007 risen in relation to the previous week around 0,95 /100 litre (+1.7%) to 55,67 /100 litres, the highest conditions in this year.

Hauptursach for the rise of the fuel oil prices in this week was:

1. Rise of the crude oil price around 2%.

Thus the current fuel oil price for fuel oil of the sort was appropriate for standard quality in this week around 9,96 /100 litres under the highest level in 2006, which was reached in the 28.Kalenderwoche 2006 with 65,63 /100 litres.

2. The crude oil price for the North Sea sort Brent rose in relation to the previous week around 1,20 USD/Barrel (+2.0%) to 62,08 USD/Barrel.

At the end of this week the crude oil price closed scarcely over the mark of 62,00 USD/Barrel, on the highest conditions so far in 2007. The following facts moved this week the crude oil markets:

1. Higher decrease of the US existence with central distillates and gasoline in the comparison to the previous week than prognosticates.

2. Further strained political situation in the atomic controversy between Iran, the USA and the European Union.

3. Effects of the decided promotion shortening of the OPEC members to shorten the crude oil promotion starting from February 2007 around 0,5 millions bpd. According to own estimates of the OPEC the promotion shortening is kept by the OPEC members to 66%.

Thus the current crude oil price of the sort Brent was in this week with 15,19 USD/Barrel under the highest level from the year 2006, which was reached in the 27.KW 2006 with 77,27 USD/Barrel.

3. The rate of exchange relationship euro to US Dollar rose in relation to the previous week around 0,0026 /USD (+0.2%) to 1,3192 /USD, the highest conditions in 2007.

The euro closed to week-ended over the mark of 1,31. The following topics moved this week the financial markets:

1. Owing to far good economic parameterses in the euro area in this week, can be assumed with high security in the month March an interest rise is made on the part of the EZB around 0,25% to 3,75%. Far the inflation risks are seen critical. Goal of the EZB remains also in 2007 and in 2008 to hold the inflation rate under 2%.

2. The ISM index for the month February 2007 failed with 52,3 points better, than from the political economists prognosticates, who had predicted a value of 50 points. With it the ISM index speaks clearly against a recession ghost in the USA. According to estimates the US economy will moderately grow the US issuing bank in 2007 and the inflation pressure will continue to relax at the same time, so that after current view no further increase in interest is necessary. At the earliest in the second half-year 2007 is to be counted on an interest decision.

Thus the current rate of exchange relationship euro to US Dollar lay in this week around 0,0134 /USD under the highest level in 2006, which was reached in the 48.Kalenderwoche 2006 with 1,3326 /USD.

4. The US crude oil stocks rose in relation to the previous week around 1,4 millions barrel (+0.4%) to 329,0 millions barrels.

The analysts had prognosticated an inventory increase around 1,2 millions barrels.

The US supplies of crude oil lay thereby in this week around 18,1 million barrel under the highest level in 2006, which was reached in the 24.Kalenderwoche with 347,1 millions barrel.

5. The US existence of central distillates (fuel oil and DK) fell in relation to the previous week around 3,8 millions barrels (- 3.0%) on 124,5 millions barrels.

The analysts had prognosticated an inventory reduction around 2,6 millions barrels.

Thus the current US supplies of central distillates lay in this week around 27,0 millions barrel under the highest level in 2006, which was reached in the 35.Kalenderwoche with 151,5 millions barrel.

Market estimate for the development of the fuel oil prices of the sort standard quality at the beginning of the 10. Calendar week 2007:

On basis of the current development in the 9.Kalenderwoche 2007 we go out for the beginning of the new week with a lateral movement with the fuel oil prices.

Further interesting offers find you under www.brennstoffhandel.de:

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- Current news to the heating market

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