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I hope this down the fucking weeks fuels green tail Viejo

05/05/1911
New York .- The term oil prices collapsed nearly 9% today, below $ 100 a barrel, its highest decline during a period of more than two years, given increasing concerns about the U.S. economy.

The drop today was $ 9.44 per barrel, 8.6%, with a barrel of oil accumulated in the week a loss of $ 14.13, 12.4%.

Between mid February and the end of April, oil jumped 35%. After that exceeded $ 100, economists warned that higher prices and affect the U.S. economy.

Gasoline demand fell as motorists had to pay more in service stations, a trend confirmed by studies of the industry and government, released last week. Today, the concerns of the labor market, looking to Friday's report on employment, added to nervousness about the demand for fuel.

An increase in the dollar also influenced the decline today.

benchmark crude West Texas Intermediate for June delivery closed at $ 99.80 a barrel on the New York Mercantile Exchange. It is the lowest close since March 16. The last time oil had a similar percentage decline in one day was April 20, 2009, when a barrel of crude was trading at half of what it costs now.

the ICE Futures exchange in London, Brent North Sea fell $ 7.18, to $ 114.01 a barrel.

"More and more people saying that oil was too high," said Michael Lynch, president of Strategic Energy & Economic Research. "That preparó a los inversionistas para marcharse y es lo que están haciendo ahora".

Los analistas dijeron también que el hecho de que no haya ocurrido una represalia terrorista tras la muerte de Osama bin Laden mitigó las preocupaciones sobre la seguridad de los yacimientos petroleros en el mundo.

El petróleo se ha unido a otras materias primas, como la plata y el algodón, que han retrocedido esta semana. Ello sigue a un alza de meses en el sector, en buena medida ante las bajas tasas de interés en Estados Unidos y el dólar débil.

Otros precios a término de los energéticos cayeron también. El aceite de calefacción cayó 17.79 centavos, a $2.9651 por galón (3.79 liters), and gasoline fell 15.64 cents to $ 3.1661 a gallon. Natural gas shrank 26.2 cents, to $ 4,382 per 1,000 cubic feet (28.32 cubic meters). "(First time)