International Markets – Weekly Report 27-05-2012

Energy/Currencies

U.S. crude futures fell as Europe's economic problems is still signaling weaker prospects for oil demand, capping the gain in rices. On the New York Mercantile Exchange, July crude settled at USD90.86 a barrel, dropping by USD0.62, or 0.68 percent for the week. In London, July Brent crude , settled down USD0.31, or 0.29 percent, at USD106.83. NYMEX June RBOB settled at USD2.8929 a gallon, for the week, the contract fell 0.66 cents, or 0.22 percent. NYMEX June heating oil closed down at USD2.8288. For the week, it dropped 0.12 cents, or 0.04 percent.