Inventories of crude oil in the U.S. rose by 3.7 million barrels

Oil prices on world markets fell Wednesday following the publication of the Energy Information Administration (EIA) information on the growth of crude oil and distillates, which has exceeded expectations.
Inventories of crude oil in the U.S. increased by 3.7 million barrels for the week to January 8. Analysts had expected stockpiles to increase by only 1 million barrels.
Inventories of distillates rose by 1.4 million barrels, although experts expect to reduce that figure by 1.7 million barrels.
As a result, oil futures for February delivery fell by $ 1.92, or 2.4%, to $ 78.87 per barrel.

Inventories of crude oil in the U.S. increased by 1.3 million barrels

Oil prices on world markets fell on Wednesday after the publication of the Energy Information Administration (EIA) information on the growth of crude oil for the past week.
Inventories of crude oil in the U.S. rose for the week of January 1, to 1.3 million barrels, while gasoline inventories - by 3.7 million barrels.
Inventories of distillates fell by 300 thousand barrels in connection with the weather cooling and the increasing demand for heating materials.
After the data rates of oil futures for February delivery fell 0.7% to $ 81.17 per barrel.

Data on stocks in the United States led to a drop in oil prices

Oil prices on world markets fell on Wednesday after official data on the growth of crude oil in the U.S..
Crude oil in the United States has increased over the past week to 3.8 million barrels. At the same time, distillate stocks fell by 998 thousand barrels, while gasoline inventories fell by 558 thousand barrels.
Crude oil futures for delivery in December fell on the New York Stock Exchange at 32 cents, or 0.4%, to $ 78 , 8 per barrel.

Rising oil prices has supported the Canadian currency

As the rising price of oil has supported commodity currencies, a pair of dollar / Canada fell from the maximum of the session at 1.1634 and is now trading near 1.1600 marks. Currency strategists from RBC Capital Markets put resistance in a pair of U.S. / Canada levels 1.1655, 1.1814 and 1.2007. As a mark of 1.1582 supports mentioned, 1.1477 and 1.1355. At this time, a pair of dollar / Canada is at 1.1590.

VTB 24 (JSC): Crude oil above $ 70 a barrel is likely to allow our market away from the level of 1100 points on the MICEX Index

Oil above $ 70 a barrel is likely to allow our market away from the level of 1100 points on the MICEX Index

Quotations oil futures broke the $ 70 mark. Fact overcome another round of oil price point might be enough to ensure that the Russian stock market began to gradually withdraw from the stupor of recent days and was able, finally, to move away from the level of 1100 points on the MICEX Index. Moreover, the growth of friendly Asian stock indicators, plus futures on the S & P500, after yesterday's positive closing encouraging.

Renewed weakening of the dollar is providing substantial support to the commodity markets, and therefore shares the extractive companies.

An additional factor contributing to the revitalization of the players in the stock market now will yield significant macroeconomic data (balance of trade U.S. 16.30 Moscow time) and the publication of the Beige Book "The Fed (22.00 Moscow time).

The latter represents, in our view, a risk for the stock markets, because the situation could be repeated with the publication of the protocols last meeting FOMC - in their assessment of the state of the American economy has been less encouraging, as the investors wanted.

Best regards,

Stanislav Kleshchev

VTB 24 (JSC)

GC "Alor": Oil cost $ 70 could shake up market

Oil cost $ 70 could shake up the market - Anna Lyukanova, CC «ALOR»

Before the Russian stock market in the absence of ideas held fairly quiet trading session on low volumes. The indices continued to consolidate in the region of 1100 points, waiting for signals from the outside, which in the course of yesterday's session did not come. Following the closure of our situation has not changed, but the achievement of oil prices before the start of bidding $ 70 a barrel could become a powerful driver for the opening. A positive factor is the increase in U.S. futures indices. The opening promises to be positive, and the indices can go back to the afternoon peak, reached the previous day. Further evolution will be determined by the situation in the areas of commodity and futures on U.S. indices.

The macroeconomic background is saturated, which can increase volatility during the session. Particular attention is paid to data on oil and oil products in the United States, which will be published at the finish trading session, and depending on who is to decide - to move the position of securities on the last trading session of the week or not. Factor in reducing the working week will reduce the activity of the bidders, so the market again zavladeyut speculators, who will record the revenue position. The absence of this week the major investors in the market confirm sharply reduced, as well as the dynamics of emerging markets, in particular, the Brazilian Bovespa, which fell to the outcome of yesterday's session.

The technical picture is now unlikely to change. The indices will continue to move in the channels formed. MICEX during today's session could test the upper limit of short-channel, which is at the level of 1155 points. A powerful driver of Perforation for this level will be positive on oil and oil products in the United States. At the evening session on FORTS futures on growth RTS index was only 0.41%. Resistance for the index during the current session by the upper limit of the medium-term ascending channel in the region of 1140 points.

As a result of yesterday's session, the major U.S. indexes closed differently. In the absence of macroeconomic developments bidding took place calmly. It looked high-tech sector to share information on improving the forecast of Texas Instruments. Statement by the Ministry of Finance of the United States that it has authorized the ten largest U.S. banks to return the money received under the program to support the financial sector TARP, had no impact on the dynamics of the market.

At the Asian sites dominated by the positive mood, which is a positive signal to start the trading in the domestic market.

Shares of Russian oil and gas sector as a result of yesterday's closed session, mostly on the negative territory, but the rise in oil prices to a level of $ 70 a barrel may allow pleadings «neftyanki» to lead the list of favorites at the start of bidding. At the evening session on FORTS Prices of most contracts for the shares of oil and gas companies have not changed. Slightly better look at the contract action «Gazprom», adding to the cost of 0.74%. The closest resistance to the issuer's securities is the level of 180 rubles., With upwards of Perforation of which is to open a position in order to return to the upper boundary of the medium-term ascending channel in the region of EUR 185.7. Promotions «Rosneft» during yesterday's session, continued consolidation in the center of the medium-term ascending channel nearest resistance is at 10-day moving average in the region of 204 EUR. Shares of oil and gas industries are most attractive to today's auction, as the volatility will be high.

Shares of banks may once again move differently, as indicated, and the uncertain mood in the evening session on FORTS. The contract for shares of Sberbank gained 0.59%, the contract for shares of VTB dropped by 0.63%. In the absence of large investors, shares of financial institutions demonstrate bezydeynye bidding and technically move in a fairly narrow price corridor. External drivers for take-off quotations of securities the banks yet.

IR IE Ty Invest: Oil may return «bulls» market

On Tuesday, the stock trades in the States were in general bezydeyno and weak, against the backdrop of a lack of significant macroeconomic and corporate news. Better remaining shares of companies traded sector of high technologies. Thus, American stock indices once again managed to complete the day in the zone of moderate growth, even though the number of bankruptcies digging and individuals in the United States in the 1 st quarter of this year rose to a record with a 2005-year mark. The growth of stock indices, however, weakened the position of the U.S. dollar, and the last night he had dropped in price on the euro to the level of 1.39 to 1.41.

Part of the weakening of the dollar supported the oil market. Therefore, this morning, oil prices are already the second time in the past week Breaks $ 70/barr. Accordingly, growth rates of most commodity currencies against the U.S. dollar. This morning, all the stock indices of the Asia-Pacific region traded in the zone of strong growth. Against this backdrop, futures on U.S. indexes also add their values: S & P +0,55%.

The opening bid on our exchanges in the middle of the week we will see again with gepom up to 1,5%. It is hoped that today would not be a repetition of the previous trading sessions hesitantly trample on the ground. In light of recent reports the American Petroleum Institute (API), last week inventory of oil in the country decreased by 5.96 million barrels., Exceeding forecasts of market participants. So, this afternoon, oil prices in London could go further up, which finally causes a surge of interest in buying shares of oil and gas sector. As a result, the MICEX index may again moves toward 1210-1230 points.

Today in the 16-30 waiting for the data the U.S. trade balance. In went the traditional 18-30 record on the stocks of crude oil. And finally, in the 22-00 will be published economic record Fed (Beige Book).

Potavin Alexander

Principal Analyst IR "ITinvest"

(495) 933-32-32 ext. 226

potavin@iqi.ru

Oil - this is our all

Russia

Indicators of the state of the Russian stock market yesterday ended differently: RTS index rose by 0,79%, MICEX index fell by 0.58%. The volume of trades on the RTS amounted to $ 3.6 billion, of which term the market had $ 2.3 billion, the volume of trades on the MICEX Stock Exchange Section of 202.5 billion rubles, if you look at the turnover in the index, then 49, 9 billion.

The electricity sector is still in Tabor investors, besides namedni some investment companies have revised their forecasts for the sector upwards. The main driver - the next stage of liberalization. Personally for me the win in the short term from the transition to open market perception - the market price is below the regulated kilowatt rates. With regard to long-term prospects, it is also not clear and much depends on such factors as the recovery of demand from the industry (not that it will take V-shaped appearance), the introduction of new capacity (investment programs, there is no clarity to the still) emerging major consumer shift to its own generating capacity (for fear of price hikes, many businesses are building their own power), etc.


Europe

Indices of the Old World have increased on average by 0.5% due to economic statistics from Germany (I personally suggested to the statistics that goes past, do not pay attention), and a statement from Paul Krugman about the beginning of the end of a recession in the world economy this autumn. More than anything the other to justify the optimism I have not, well, if only to once again do not remember about the increase in the number of issued U.S. who burned their hands to their owners.


America

Indices of the New World in general, have increased by 0-1% against the backdrop of positive developments in the sector of high technology (mostly positive forecasts from Texas Instruments), and the news that the U.S. Treasury has authorized the return of ten banks, government loans. Again, you can remember about the previously mentioned statement by Paul Krugman on the near end of a recession.

Raw materials, currency, etc.

Industrial metals on the London bid again renewed the annual maxima (ie the dynamics of the composite index Exchange LME).

Gold soared to $ 960 on a background of falling U.S. dollar index value - investors are waiting for specific comments from the Fed about future monetary policy, even talk of a possible rate hike at the next meeting (held on 24 June). If you recall the Fed inaction and indecisiveness in the first half of 2007 and in mid-2008, when the stakes simply be kept at one level, I would not expect such a quick response agencies. Rather FOMC will again have to pull up to the last, and then begins a marathon with occasional jumps to 0.5 and 0.75 percentage points in overtime and the convening of extraordinary meetings.

Baltic Dry Index continued its correctional movement - the excitement surrounding the supply in China has fallen, and shipowners in the region podtyanuli additional tonnage than balanced supply of and demand for maritime transport.

Oil has updated an annual maximum: to mark WTI futures traded slightly above $ 70.75, Brent futures for the brand is just above $ 70.25 (ie contracts in July, August naturally higher - $ 71.5 and $ 71 respectively). Thank you for your growth should say EIA, which revised its forecast of average prices. If the EIA appeals to fundamental factors, the position of the agency is not quite clear: the commercial and strategic oil reserves in the world growing up, hang out on the tanker fleet in the seas as a floating oil (small amount, only 31.5 million barrels, but is growing all the time, t . f. dynamics seen), the OPEC quotas are not reduced - perhaps only Nigerian rebels did not give the oil to relax. But if the EIA is based on the direction of cash flow, all the logical - the mass of cheap dollars belly at all, without exception, a new speculative bubble markets.

Statistics and Reporting

At 12-30 (Moscow time), go on industrial production in the UK, 16-30 (Moscow time) published by the U.S. trade balance in the 18-30 (Moscow time) information on oil and petroleum products (I believe that the reserves will grow, but not sure that the quotations of oil futures will react to this fact, even the sake of decorum, too emotional and irrational to the market in recent times) in 22-00 (Moscow time) published «beige book» and balance the federal budget dollars.

Forecast

I look forward to the start of the trading on the Russian stock market to gap up on 1,5-2%, reflecting a positive external background and expensive oil. The direction of the closure of the market determined after data from the stocks - I think they are all the same will be sobering. According to background information, banks are preparing for another round of devaluation of the ruble and, consequently, they may need liquidity, focusing on the stock market. Jump up to the expensive oil gives the major players a good opportunity to withdraw without loss of securities and to enter the currency market.

IFK "Option": Today in the domestic stock pads relatively quiet trading, with significant volatility

Today, the domestic stock pads relatively quiet trading, with significant volatility. Major indexes traded near yesterday's closing levels. MICEX index falling to 15.10 PM IST on 0,55%, RTS index adds 0.18%. Nearest futures on the RTS index at the site FORTS is growing at 0.83% and is 109 137,5 Futures Point is located in a small bekvordatsii (7 points on the underlying asset). June futures on the ruble-dollar pair traded down to around 0.5% point to 31 320 rubles. for one thousand dollars, which is close to the interbank rate from the early ekspiratsii fixed-term contracts on FORTS. Oil is already trading below 69 U.S., Europe in a small red, the opening of American markets is also expected to negatively.

Before the discovery of America is difficult to expect sudden movements up or down, much will also depend on the stat. data on the stocks of goods in warehouses, which will appear in ICC 18.00.

In the Options FORTS tonight will ekspiratsiya June options on individual chips, such as Gazprom, Lukoil, Sberbank, and others. Options expire on the index in this Thursday. As leaders of turnover is now 110 th and 115 jess's call on the index. Recently, more and more brokers offer their clients such new topics as access to the site RTS Standard and emergency section of the MICEX. The advantage of the lack of RTS Standard 100% the first preddeponirovaniya and calculations of T 4. At the emergency section of the MICEX is actively traded futures on the MICEX index, shares in Gazprom and Sberbank shares. Wish the investor does not get all of these innovations and successfully apply them in their own trade.

A successful trade!

Bachurin Vladimir, portfolio manager IFK «option»

GC "Alor": Oil is not encouraging to start bidding

As a result of yesterday's session, Russia's major indexes lost a significant portion of the conquered in the week won. As a result, the RTS index again surpassed the MICEX index, and indexes defined for a level of support in the region of 1100 points. Outside the background before the start of today's auction is to continue selling at the opening session. Major U.S. indexes after the closure of trampling on the ground and did not change its meaning, but the positive is a technical signal - the closure of S & P 500 above the level of support for 930 points. Dramatically - a negative factor is the maintenance cost of oil by 2% down, and will play at the opening session. A significant reduction in the areas of emerging markets, in particular, the loss of the Brazilian Bovespa more than 3%, is also a negative signal. Further evolution will be determined by external signals. In the event of a change of sentiment in the futures on the U.S. indices, which before the opening of bidding are at the zeros (in particular, S & P continues to consolidate at 930 points), the positive is likely a strong wave of purchases, as yesterday's decline partially withdrawn factor perekuplennosti, taken a majority stake to the nearest levels of support.

Mass of macroeconomic statistics, too, will make his case. Particular attention is paid to data on retail sales in the euro area and the traditional data applications for unemployment benefits in the United States. The outcome of the meeting the ECB will play in the foreign exchange market, which is currently the euro continues to change against the U.S. dollar, which adversely affect the commodity market.

Technically, the indexes identified prior levels of support, thus indicating the lower range of the lateral trend, which may occur in the Russian market in the absence of signals for traffic in one direction or another. If the negative signals in the first place - with the commodity market, the indexes can penetrate the levels of support in the region of 1100 points. In this case, the nearest support for the index of the MICEX, which can be tested now, will the level of 1080 points, while downstream of Perforation which likely revert to the level of 38,2%-term correction of Fibonacci (1055 points).

U.S. indexes on the basis of the trading day yesterday, fell after four consecutive positive sessions. Negative was driven by both macroeconomic statistics, in the first place - on the housing market, and pessimistic sentiments with commodity platforms. Favorites recent sessions - shares of commodity companies - the day before were among the outsiders. Have not gone unnoticed and the heads of the Fed statement by B. Bernanke, who said that the Government can not continue «infinite» to increase borrowing to meet the growing demand for its resources, and called on lawmakers to reduce the budget deficit, which is approaching $ 2 trillion dollars.

During the evening session on FORTS value of most contracts for oil and gas stocks declined. Among the outsiders - and the contract for the shares of «Gazprom», which lost 1.94%. At the opening of a majority of shares «neftyanki» will take in the negative zone otygryvaya sharp decline in crude oil quotations eve. The negative signals and continue to come from the primary market. Thus, the price of Brent crude oil marks left by the level of support for $ 66 a barrel. Technically, the majority of the securities closed at the level of support that are likely to be holes at the opening session. Promotions «Rosneft», closed near the level of 200 rubles., At the opening can test the strength of support in the region of 10-day moving average, lying at the level of 197 rubles., Which is likely a technical rebound upwards.

Shares of banking sector at the opening of tenders will also continue the movement down, which is partly confirmed by the dramatic - the negative sentiment in the evening session on FORTS, where contracts on shares of banks has lost value. Thus, the contract for shares of Sberbank fell by 4.66%. But do not forget about the presence in the shares of financial institutions to large investors. It is possible that the decline in the morning will instantly redeemed. In this case, fix the lucrative position.

Department of the Flash market RTNs: The July crude oil futures class BRENT lost an average of 2.08% and were at $ 58.89

Department of the Flash market RTNs

The July crude oil futures class BRENT lost an average of 2.08% and were at $ 58.89

Futures are traded in the commodity section of the red zone. As of 3 pm Moscow time on. Futures on the RTS index fell by 4.5% to a value of 96 835. Contracts with the performance in June and July oil varieties BRENT losing an average of 2.08%. Last transaction price of oil in June, $ 58.89, July traded at a price of $ 59.61. The contracts for precious metals also reduced: contracts for gold with the performance in June and September fell by an average of 1.45%. Last transaction price for the June and September contracts at $ 943.50 gold. Contracts in June and September for silver cheaper at 2.31% and 1.49% respectively. The gap in price between them is 14 cents. Last transaction price for the June contract for silver - $ 14.39.

IC "Aton": Oil is the market up

Oil leads the market upwards

Today, trading on the Russian market opened in positive zone in spite of negative closure of U.S. indexes. In favor of a negative opening and said minus Asia, however, Russian indices confidently began to add in the first minute of bidding. Thus, at the opening of the MICEX index rose by 0,86%, RTS gained 0.05%. By noon the shift of traffic on the Russian market has not happened. As at 13.00 RTS index rose by 1.5%, the MICEX index - by 2,9%.

In the best performing paper oil. By 13.00 stock quotes «Rosneft» climbed to 2,33%, «Lukoil» - on 1,86%, «Surgutneftegaz» - on 3,04%. Traditionally, a tool for growth stocks in this sector is the rise in oil prices, which are kept near the mark of $ 62 per barrel.

The second day in the wake growth of paper manufacturers. Undisputed driving force here were ordinary shares «Autovaz», showing during the day increase in 12% of paper Sollers today went to 2.15%.

Divergent trends show metallurgists. Thus, «Norilsk nickel» has added 1,3%, «Severstal» reduced by 0.66%, NLMK is losing 0.5%. It should be noted that, despite the strengthening of the price of gold up to $ 950 per troy ounce, the maximum value over the past 2 months, today's trend of shares «PolyusZolota» negative.

In the telecommunications sector, there is divergent evolution. Against the backdrop of high dividends MTS shares AFC «Systems» (as the major shareholder), up by 5.4%, holding company may receive from their mobile daughter some 600 million continues to point to the growth of MDR. Promotions «Dalsvyaz» grow up with one hand on a background of strong results for 2008 under IFRS, on the other - against the backdrop of strong pereprodannosti compared to other LDCs. Shares of MTS had grown up after yesterday's drop, now active in these securities is low, investors are waiting out the results for the first quarter, which should appear today, as well as statements by management of the company.

To date, scheduled a series of corporate events. Thus, as mentioned above, until the end of the day MTS plans to account for the 1 st quarter of 2009 on the US GAAP. Besides the annual meeting of shareholders to be held by CMI and «Dorogobuzh».

At present we do not emphasize the important developments and news or in the United States nor in Europe, so the dynamics of the Russian market will be largely determined by domestic news background and the dynamics of oil prices.

Analyst company «ATON» Elena Shishkina

Department of the Flash market RTNs: Contracts for petroleum class BRENT increased by 1.97%, the last transaction price was $ 58.93

Department of the Flash market RTNs

Contracts for oil BRENT varieties grown on 1,97%, the last transaction price was $ 58.93

On the commodity section FORTS Futures traded raznonapravleno. As of 14.43 Moscow time on. June contracts for gold ingots fell by 0.13% and traded at a price of $ 920.60. Others futures in the green zone. Silver had grown up to 0.65% and traded at a price of $ 13.93. The contract for affinirovanny palladium ingots rose by 3.07% to the price at $ 235. Contracts for oil varieties BRENT increased by 1.97%, the last transaction price was $ 58.93.

Futures on the RTS index has gained since the beginning of the main trades 5.3%. Last value of futures on the index was 98 220. Open interest in futures contracts is 460 356.

"Gazprom oil" may pay dividends for 2008 of EUR 5.4. per share

At the end of 2008 "Gazprom oil" may pay dividends in the amount of EUR 5.4. 1 ordinary share. This amount of dividends board of directors recommends acceptance of the annual general meeting of shareholders of "Gazprom oil", which is scheduled for 22 June 2009. As stated in a communication company, a list of persons to participate in the assembly will be formed as of May 15. During 2007 the amount of dividends also is 5,4 EUR. per share. Total for the payment of dividends was 26.5 billion rubles. That one-third less than in 2006. In 2006, "Gazprom Neft has paid EUR 8.0822. per share (more than 38 billion rubles.). In addition, at a meeting of the Board of Directors on 14 May decided to tentatively approve and submit to the shareholders' meeting an annual report of 2008, as well as annual financial statements of OAO "Gazprom oil" for the year 2008 prepared in accordance with Russian legislation. The Board of Directors also considered information on the selection of the auditing organization to implement a mandatory annual audit of Gazprom oil "and introduced the candidacy of ZAO" PricewaterhouseCoopers Audit "on the approval of the general meeting of shareholders of OJSC" Gazprom oil "auditor.

Gazprom and Eni to sign the second supplement to the memorandum on the "South Stream"

May 15 in Sochi chairman of Gazprom Alexei Miller CEO of Italian Eni, Paolo Skaroni sign the second supplement to the memorandum of understanding on the project "Southern stream". This was announced to journalists Press Secretary to the Prime Minister of Russian Federation Dmitry Peskov. The signing will take place at the meeting the President of the Government of Russian Federation Vladimir Putin with the Prime Minister of Italy Silvio Berlusconi. Gas pipeline "Southern stream" must be from the Black Sea coast of Russia to Bulgaria or Romania, and then continue to the south of Italy and Austria. Power of the new pipeline is planned in the amount of 31-47 billion cubic meters a year. Estimated cost - up to 25 billion euros. Zzadacha "Southern stream" - to circumvent the Ukraine, the Memorandum on "Southern stream" Russia and the Italian company signed on 23 June 2007. It identifies areas of cooperation the two companies in the field of designing, financing, construction and management of the pipeline system.

Rising oil prices. Who suffers most?

after the recent record mark, has exceeded 58 dollars per barrel, quotes, set up regular oil prices over the past 21 years. Then, under pressure from the leaders of the Member States of OPEC, the price reluctantly popolzli down. Particularly oil prices sharply fell in the auction on Thursday, against the background of evidence of an increase in the release of petroleum products in the United States. Recall that whereas, according to the United States dipartamenta energy, production of gasoline for the week of March 26 to April 1, increased by 5.2%, to a maximum level over the past year. As a result, gasoline prices at the NYMEX on Thursday fell to 5.5%. However, experts note that the increase in oil refining was associated primarily with increases in oil supply from OPEC, which, under pressure from U.S. and European countries, significantly expanding production of raw materials.

According Otchet, published on Thursday, inventory of gasoline in the United States now exceed last year's level at 5.7%. A futures price for May in the WTI crude oil at NYMEX on 7 April fell 3.3% at. However, ask the question: What are the implications, and one in the first place, could lead such a gallop of oil quotations, which we have already seen in the last year. And what happens if it can not be curbed in the coming months? Answer: the consequences will affect the entire world economy. Moreover, and this is evident in the first place hit the advanced industrial countries without their own oil. And those will reach a lot: it is both the world's growing monster as India and China, that the level of its technological and economic development, are still in the youthful age, and will loudly assert themselves in the first half of this century.

This peredoviki scientific technical process - Japan and South-east Asia. This is located on the path of historic reforms, Europe (12). The first is the global economy, while overseas, which has strong influence not only on the countries of OPEC, but also virtually all other neftedobytchikov, also has its own huge reserves in the southern states, primarily in Texas, as well as undiscovered deposits in Alaska.

"Uncle Sam" preferred to spend their own resources very efficiently and judiciously. But even the sole remaining superpower is not easy to fall under the onslaught of rising prices for energy. Thus, the current rise in fuel prices, permanently maintains the threat of inflationary pressures. This, in turn, pushes the U.S. Federal Reserve to tighten monetary policy, which could adversely affect consumer spending citizens, and generally lead to a slowdown of GDP growth. Note that the majority of economists polled agency Bloomberg, believed that the rising cost of energy and the basic interest rate will have a significant impact on consumer spending and lead to slower economic growth in the United States is already in the 2 half.

In addition, according to their forecasts of GDP growth in July and December will be 3.5%, while in the 1 half of the economy to grow by 3.9%. In doing so, according to their expectations, the rise in consumer prices in the United States by the end of this year, 2.5% Recall that in February, experts suggest that GDP will grow by 3.7%, while consumer price inflation reach 2.3%.

So, the inflation rate reached in the United States at the beginning of the year and 3% have not yet been particularly noticeable that after a series of increases in core protsetnoy rates in the U.S. managed to curb it.

However, given the fact that the further rapid rise in the price of fuel resources, especially oil, can create problems for the first world economy, it can be assumed that in the very next week will be taken comprehensive measures to curb oil prices. As a result, this will lead to lowering the cost of oil and commodities in the coming months нивелирует inflationary pressures, and the tendency to raise prices significantly lower.

As a result, we believe that, in spite of the sensational statements by individual analysts, is projected to rise in oil prices to 110 dollars a barrel before the end of this year, in the coming weeks, we looked forward to a significant correction, and the levels of around 45 dollars seen us quite real.

Analysts Company Mabiko
Wahid Valiev, Rinat Mescherov.

"Gazprom Neft" has almost tripled reduced quarterly net income on RSA

At the end of the 1 st quarter of 2009 "Gazprom oil" was on the RAS 7902 billion rubles. net profit, said the message issuer. Meanwhile, on the basis of the 1 st quarter of last year net profit of "Gazprom oil" was 22.623 trillion rubles. Thus, the net profit of the company in 1 st quarter of 2009 declined compared to the same period of 2008 to 2.9 times.

"Gazprom Neft" has acquired a piece of Sibir Energy

JSC "Gazprom Neft" has bought 16.95% stake in Sibir Energy. As stated in the message, a British company, "Gazprom Neft" has acquired 65 million 503,947 thousand ordinary shares of Sibir Energy. Previously, it was reported that Renaissance Securities on the basis of the offer in favor of "Gazprom oil" looks to buy just over 16% of the shares in British companies. "Gazprom Neft" Sibir Energy bought the shares at a price of 500 pence per share. Thus, the transaction amount is approximately 309.25 million pounds sterling (about $ 450 million). According to British law, the owner of 10% of the shares registered in the country, the company has the right to convene an extraordinary shareholders' meeting. Ownership of 5% stake in the company gives the right to questions in the agenda of the annual meeting of shareholders and the right to distribute written information.

Oil prices fell nearly 2% to 49 dollars per barrel

Oil prices fell nearly 2% to 49 dollars per barrel on Monday, against the backdrop of growing U.S. currency and increasing concerns about global economic recovery. U.S. President Obama, speaking at the weekend said the economy remains under pressure. Oil prices fell by 88 cents to 49.45 dollars a barrel, after declining earlier to 1.03 dollars. Oil brand Brent cheaper by 73 cents to 52.62 dollars per barrel. «Basically, the decline is due to increase in the dollar. Also, increased reluctance to take risks among investors after the comments at the weekend that the U.S. is still faced with the risk », - said Michael Kvek analyst Informa Global Markets. Euro touched a monthly minimum of three weeks against the dollar and the yen on Monday after soft Trichet's comments. Investors were too optimistic last 2 weeks, and now they have fixed returns.

"Gazprom oil" to increase the annual revenues of US GAAP to record levels

"Gazprom oil" in 2008 showed a substantial increase in financial indicators on standards US GAAP. For example, the company earnings for the year increased compared to 2007 by 52% - up to a record high of $ 33.075 trillion, the report says the company. At the same time in the 4 th quarter of last year, revenues fell by a quarter on a similar measure in 2007 - up to $ 4988 billion net profit "petroleum Gazprom" increased by 12% - up to $ 4658 billion Meanwhile, on the basis of the 4 th quarter the company received a net loss of $ 543 million operating profit the company has grown to the end of the year in 1,3 times - up to $ 6249 billion, pretax profit increased by 12% - up to $ 6122 billion annual rate of EBITDA (income before income tax, interest, amortization, minority interest, currency, and other costs) was $ 7.965 trillion, adding to the year 2007 compared to 28%. In the 4 th quarter of this figure has decreased compared to the 4 th quarter of 2007 in 8,6 times - up to $ 204 million as stated in the message, "Gazprom oil", the growth of financial indicators for the outcome of the whole of 2008 due to favorable pricing environment for the external markets, increases in processing and sales of petroleum products in Russia, as well as the activities of management to improve operating efficiency. Constraints increases the tax burden, increase in transport fares and cost of energy. Reducing the financial results for the 4 th quarter of 2008 relates to the sharp decline in oil prices, lagging the decline of export duties and the impact of exchange rate changes. This positive effect was achieved from the sale of anti-crisis program to reduce operating costs (-11% compared to the 4 th quarter 2007).