The fall of oil prices for the second day on the release of the dollar and stocks strong

The second day of dramatic oil prices falling following global energy watchdog decision to release an additional 60 million barrels of oil on the market.

Oil and other products has come under pressure, increase in the dollar against the euro, driven by concerns that the Parliament of the Greece cannot pass of austerity measures which will publish an international bailout.

The second day of drops drama follows the world of energy watchdog decision Thursday to release an additional 60 million barrels of oil on the market in the next month.

Relocation of the International Energy Agency to sell 2 million barrels of oil per day sparked an immediate liquidation, with oil fall $ 5 this day there. He dropped one of more than $4, or set to less than $105 a barrel Friday.

One of the effects of the release of stocks of emergency reserves was to reduce the gap between New York and London reference price oil futures. Brent crude was much more expensive than West Texas Intermediate (WTI) for months, reaching a peak of $23 above the benchmark of U.S. this month. The difference is now about $15 per barrel.

James Zhang, analyst at Standard Bank, said: "an increase in crude supplies of water origin of the United States is likely to see Brent/WTI spread narrow, and it is also likely to buffer refining margins."

"In Europe, an important part of the release of the reserve will be produced oil, given the way in which the oil reserves special is managed in Europe." As the oil product market is already fairly low in Europe, the release could lead cracks produced even lower in the short term. As a result, the gross prices would move down to the refineries to induce him to buy crude. »

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The strong economic growth China or 10 3pc markets ghosts

Chinese customers, selection of jewelry in a store of gold in Beijing. The economy is growing at the fastest rate since the beginning of the financial crisis. Photo: Getty

Data was President Hu Jintao to pressure visited us loosening controls on currency to yuan, which U.S. critics say is too little value, giving China an unfair advantage.

Gross domestic product increased by 9 8pc in Q4, accelerating from the previous quarter and analysts expectations exceeding, cementing position China as world's second largest economy.

Whereas the increase in consumption in December has facilitated the previous month, it remained stubbornly high at 4 FP6 despite efforts by Beijing to control prices, spooking the area investors who fear more clamping action.

Shanghai Stock Exchange fell by 3.. 29pc, Hong Kong fell 1. FP7, Tokyo closed 1. 13pc and Sydney lost 1pc. Open European market lower with the FTSE 100 in London sliding 0 8pc.

Analysts said the resumption of growth in the fourth quarter - partly driven by stronger exports - and inflation higher still in December supports the case for further increases in rates of interest and bank loans of borders.

"Makers step will claim a great victory in the fall of the CPI inflation below five percent in December," says Lu Ting, an economist at Bank of America-Merrill Lynch.

2010 GDP figure, place a revised 9 2pc growth in 2009 and better 10pc forecast by the World Bank, China highlight growing could in a year, when other major economies is left in the pot black.

"The economy is currently in a critical period transform recovery for stable growth," Ma Jiantang, Commissioner of the National Bureau of statistics, has told reporters.

Mr. Ma said China would boost efforts to transform its ' growing economic pattern "-echoing comments Wednesday in Washington by President Hu, who undertook to stimulate domestic demand and spending.

Price index for consumption in the country, the primary gauge of inflation, rose 3 3pc pour L'ensemble de 2010 - the Government target maximum year-round 3pc skyrocketing food prices.

The December figure was slightly better 1pc 5 increase in November, which was the fastest pace in more than two years.

In 2011, we must take the task of controlling prices very seriously,"Mr. Ma said, but added:"We have every confidence that we will be successful in 2011".

Analysts said the Government was faced with a difficult task.

"Pricing pressures remain poorly high in the coming months, and the dip in the overall CPI December inflation will likely temporary, said Brian Jackson, an analyst with the Royal Bank of the Canada."

IHS Global Insight analyst Alistair Thornton, "a new wave of credit expansion is driven inflationary pressures, both consumption and prices of asset markets with a re-acceleration in construction and investment fixed.

Exit the country millions workshops and factories rose 15 FP7 pour L'ensemble de 2010 as spending on infrastructures in urban areas of the 24 5pc Government has increased to 12 months.

Retail sales increased by 18 4pc in 2010.

As the United States and Europe struggle to stimulate growth, Beijing has been trying to slow its economy and stem of a flood of liquidity is fanning inflation and the conduct of real estate prices straining household budget.

The Central Bank new last Friday ordered banks to increase the amount of money they keep in reserve, actually put a ceiling on loans after the increase in interest rates twice in the fourth quarter.

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FTSE 100 rises to a maximum of six months on the strong overall compensation

Analysts Panmure Gordon retained their "buy" rating on Unilever - the company behind the parsley and Dove.

Broker said think structurally, Unilever "is in its best State ever, with an almost refocused portfolio which should start to benefit from significant acquisitions filling its organizational change is largely complete, with a great best management team), and has a very strong balance sheet and a geographical skew is the envy of his peers."

The broker has also maintained its "buy" rating on Reckitt, saying: the owner of Cillit Bang was on track to deliver its orientation throughout the year.

Diageo has also received a boost to its European peers, higher p 27 to £ 11.87 in the wake of strong gains from Pernod-Ricard. The French maker of Absolut Vodka is undertaken for second-more great minds in the world behind Diageo.He announced the sale of the first quarter increased by 10pc due to a scheduled pick-up the United States and strong growth in emerging markets.

But also generate interest was a return to the rumor that Diageo could bid for game has French luxury goods pas.Groupe Moet Hennessy 66pc LVMH has 66pc, said that she had already refused any talk of a plan to sell champagne - maker .enfin, speculation arose in April 2009 after a possible agreement would make strategic reporting purposes. Diageo has refused to comment.

Plugs, traders were also slurping shares in Britvic, which increased by 26.8% 497.3 after the manufacturer said drinks recipes for 52 weeks has increased by 14 6pc on higher volumes, which prompted Altium titles at up to "buy" to "hold" rating.

"Britvic and, in fact, the British soft drinks market proved be resilient to the recession," said the broker.

But return among blue-chip international earnings rather than domestic were mostly having an impact. The high figures contributed to lift FTSE 100 points from 28.93 5757.86 and a maximum of six months, although this is still 67.15 points high for the year of 5825.01, struck on 15 April.

International earnings side, BT took the yellow Jersey, win 6.1 156.3%, after a court backed pension Trustees of the telecommunications company in conflict with the Government on the State guarantee to cover commitments if it goes bankrupt.

Mining shares were also in demand thanks to solid metals prices with Anglo American building £ 29.43½ 72½p.

Intercontinental Hotels then up to 43 per cent to £ 12.15 as French Hotel Group Accor, raised its target profit and posted sales of third quarter slightly ahead of forecasts.This has contributed to seal positive sentiment following results from Whitbread earlier this week, which provided more evidence of a recovery in the hotel industry .the ' company behind Premier hostels and Costa Coffee gained 2 p to £ 17.31.

But the prospects were not so sunny for Tui Travel, languished at the bottom of losing Council excretion 25.4 205 percent after repeated its results 2009 and Panmure Gordon slashed finances.Analystes Director resigned their rating on big business travel Europe "hold" to "sell" taking into account the strong share price recent performance.

Join TUI among the laggards was Tullow Oil, which took a fall after a Ghana well off the coast could not find oil .the ' Explorer fell 26 percent to £ 12.27, saying encountered Onyina-1 exploration well water bearing reservoirs, which prompted the Oriel securities downgrade Tullow to "reduce" from "hold".Broker said that the result was a blow to sentiment and rating is now stretched.

But the evolution of retained their recommendation "buy", despite what they call a "disappointing result" securities analysts. ""The Campanian has tended to be less successful than the deepest Turonian where Jubilee, Owo and Twenenboa fields were discovered," said the broker.

Some retailers made an unexpected drop in sales at retail for the second month in a row in September.Brands & Spencer has increased 8.9% 418.3 after worn Bernstein analysts their price target to 460 p 410 p and maintains their "outperform"rating.""

Analysts said that the string "came, supported by cyclical rebound late"better"and senior pass.

"In the end, M & S favourable market trend seems to be related to continue and should translate into more progress like-for-like against comparative accessible," said the broker.

Plugs, Debenhams was out as well, win 5 76½p after announcing an increase in profit throughout the year and intend to restore its dividend next year.

Seymour Pierce analysts said that they believed that the company must provide earnings growth double digit growth with a more blot on acquisition opportunity.

FILLING Council head of doublures-deuxième, however, was Afren .the oil and gas company focused on Africa acquired 16½ percent 132.4 after his Nigerian unit bought a stake in an oil majors, including Royal Dutch Shell and total oil field.

"Analysts Arbuthnot, called the"transformation"agreement.""Long gestation"big deal Afren"finally arrived and it offers at all levels: reserves, exploration upside and growth of major production," said the broker, retaining their strong accession"recommendation on the stock.

Investors taking a punt on William Hill .the bookmaker has increased by 7.2% 168,9 after saying that expected throughout the year operating profit at the upper end of the forecast of analysts.

Their earnings came a day when the FTSE 250 established points 72.83 10904.69.

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FTSE 100 rises to a maximum of six months on the strong overall compensation

Analysts Panmure Gordon retained their "buy" rating on Unilever - the company behind the parsley and Dove.

Broker said think structurally, Unilever "is in its best State ever, with an almost refocused portfolio which should start to benefit from significant acquisitions filling its organizational change is largely complete, with a great best management team), and has a very strong balance sheet and a geographical skew is the envy of his peers."

The broker has also maintained its "buy" rating on Reckitt, saying: the owner of Cillit Bang was on track to deliver its orientation throughout the year.

Diageo has also received a boost to its European peers, higher p 27 to £ 11.87 in the wake of strong gains from Pernod-Ricard. The French maker of Absolut Vodka is undertaken for second-more great minds in the world behind Diageo.He announced the sale of the first quarter increased by 10pc due to a scheduled pick-up the United States and strong growth in emerging markets.

But also generate interest was a return to the rumor that Diageo could bid for game has French luxury goods pas.Groupe Moet Hennessy 66pc LVMH has 66pc, said that she had already refused any talk of a plan to sell champagne - maker .enfin, speculation arose in April 2009 after a possible agreement would make strategic reporting purposes. Diageo has refused to comment.

Plugs, traders were also slurping shares in Britvic, which increased by 26.8% 497.3 after the manufacturer said drinks recipes for 52 weeks has increased by 14 6pc on higher volumes, which prompted Altium titles at up to "buy" to "hold" rating.

"Britvic and, in fact, the British soft drinks market proved be resilient to the recession," said the broker.

But return among blue-chip international earnings rather than domestic were mostly having an impact. The high figures contributed to lift FTSE 100 points from 28.93 5757.86 and a maximum of six months, although this is still 67.15 points high for the year of 5825.01, struck on 15 April.

International earnings side, BT took the yellow Jersey, win 6.1 156.3%, after a court backed pension Trustees of the telecommunications company in conflict with the Government on the State guarantee to cover commitments if it goes bankrupt.

Mining shares were also in demand thanks to solid metals prices with Anglo American building £ 29.43½ 72½p.

Intercontinental Hotels then up to 43 per cent to £ 12.15 as French Hotel Group Accor, raised its target profit and posted sales of third quarter slightly ahead of forecasts.This has contributed to seal positive sentiment following results from Whitbread earlier this week, which provided more evidence of a recovery in the hotel industry .the ' company behind Premier hostels and Costa Coffee gained 2 p to £ 17.31.

But the prospects were not so sunny for Tui Travel, languished at the bottom of losing Council excretion 25.4 205 percent after repeated its results 2009 and Panmure Gordon slashed finances.Analystes Director resigned their rating on big business travel Europe "hold" to "sell" taking into account the strong share price recent performance.

Join TUI among the laggards was Tullow Oil, which took a fall after a Ghana well off the coast could not find oil .the ' Explorer fell 26 percent to £ 12.27, saying encountered Onyina-1 exploration well water bearing reservoirs, which prompted the Oriel securities downgrade Tullow to "reduce" from "hold".Broker said that the result was a blow to sentiment and rating is now stretched.

But the evolution of retained their recommendation "buy", despite what they call a "disappointing result" securities analysts. ""The Campanian has tended to be less successful than the deepest Turonian where Jubilee, Owo and Twenenboa fields were discovered," said the broker.

Some retailers made an unexpected drop in sales at retail for the second month in a row in September.Brands & Spencer has increased 8.9% 418.3 after worn Bernstein analysts their price target to 460 p 410 p and maintains their "outperform"rating.""

Analysts said that the string "came, supported by cyclical rebound late"better"and senior pass.

"In the end, M & S favourable market trend seems to be related to continue and should translate into more progress like-for-like against comparative accessible," said the broker.

Plugs, Debenhams was out as well, win 5 76½p after announcing an increase in profit throughout the year and intend to restore its dividend next year.

Seymour Pierce analysts said that they believed that the company must provide earnings growth double digit growth with a more blot on acquisition opportunity.

FILLING Council head of doublures-deuxième, however, was Afren .the oil and gas company focused on Africa acquired 16½ percent 132.4 after his Nigerian unit bought a stake in an oil majors, including Royal Dutch Shell and total oil field.

"Analysts Arbuthnot, called the"transformation"agreement.""Long gestation"big deal Afren"finally arrived and it offers at all levels: reserves, exploration upside and growth of major production," said the broker, retaining their strong accession"recommendation on the stock.

Investors taking a punt on William Hill .the bookmaker has increased by 7.2% 168,9 after saying that expected throughout the year operating profit at the upper end of the forecast of analysts.

Their earnings came a day when the FTSE 250 established points 72.83 10904.69.

View the original article here