NEW YORK, KOMPAS.com -crude oil price in New York, Monday or Tuesday (local time) (21/8/2012) morning down with thin numbers because of Germany's Central Bank would not support a plan that would do the European Central Bank to resolve the crisis in the euro zone, and the u.s. dollar, which weakened against the euro.
Price of West Texas Intermediate crude for September delivery slipped 4 cents to a US dollar 95,97 per barrel, on the New York Mercantile Exchange. However, in intraday trading, oil contract was touching 96,53 US dollars which is the highest price since May 11, 2012.
Brent oil price for the determination of October down 1 cents to 113,70 US dollars per barrel, the ICE Futures Europe exchange based in London. Germany's Central Bank, the Bundesbank, criticized the European Central Bank's plan to buy government bonds are infinite. That plan would have done European Central Bank efforts to resolve the crisis in the region.
On the other hand, the u.s. dollar weakened against the euro in line with the statement of the Foreign Minister Dimitris Avramopoulos said Greece, Greece will be eligible for the sake of fiscal get bailouts.
The Euro rose 0.1 per cent to 1,2346 US dollars. Rise of the euro helped oil prices did not come down significantly. "The Bundesbank Statement indicates that there is still much disagreement regarding how to deal with the debt crisis in Europe," call Phil Flynn, senior market analyst at Price Futures Group in Chicago.
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