Oil prices down
11 August 2011
An oil price on the world market continues to play yoyo. After the upward trend in recent months, the price is experiencing a trend completely opposite. Last week, the price of oil was at $ 112.570 and Tuesday it was $ 100.85, while the "light sweet crude" is dropped below 80 dollars.
Faced with falling prices of oil on the world market can be asked whether the Petroleum Pricing Committee (PPC) plans to meet. Within the State Trading Corporation (STC), we noted that the PPC is closely price developments in the global marketplace.
"The PPC can occur at any time. It's not just when there is an increase or decrease in market prices that we will meet. But in the short term, the PPC will not do it. We are to follow very closely developments in the global market. Note that since September of last year the price was going to increase drastically in recent days and the price began to decline, "said a senior official of STC. We must wait a little before the body is not found, said our interlocutor.