The decline in oil prices has continued today, and the price of a barrel of crude oil has fallen below the threshold of 50 dollars. The stock markets are unsettled in today's trading. The US Dow 30 declined shortly after the start of trading.
Price of oil is under pressure by weak economic
The continued decline in oil prices can not be fixed just on the quantity produced, which is currently well above the required demand. Rather, it is the outlook for the global economy, which let drop the price of a barrel on the current depth. While the US economy continues is on a course of recovery, show other important economic zones sign of weakness. Thus, the euro zone is again on the brink of crisis that could be significantly exacerbated by a possible election victory, on 25 January, by the left-wing party SYRIZA in Greece. But also for the Chinese economy is a, by their standards, relatively weak growth of "only" 7.3 percent expected. While at the beginning of the fall in prices nor the Tanks were filled with cheap oil, now the falling demand in the important customers in the industrial nations is seen. Since a rapid growth is not expected in these economic zones, a further decline in oil prices is also not unlikely, if the oil-producing countries not reduce the oil delivery rate significantly.
Global stock markets with losses
The global stock markets today show an increased distrust of investors and generally recorded losses. During the German DAX more moving sideways over the trading and closed with minus 0.04 percent, the Euro Stoxx 50 showed at the close of trading a decrease of 0.36 percent. The US Dow Jones index opened first with a slight increase, but tipped after the figures for new orders in the US industry were published, and is currently showing a decline of 1.24 percent. With suspanse investors now expect the economic data of Wednesday, where, among others, the numbers to the German labor market, the change in European consumer prices and from the United States, data on ADP non-farm jobs and the FOMC meeting minutes are published.