Oil market gives signs of recovery

Following a record drop in the oil price down to a minimum level in the last one and a half years (approx 52 USD/barrel), the market is giving out signs of a correction which could come about in the immediate future. This week started with a 1.5 USD increase in the price of petrol on the international stock exchanges, the Financial Brains portal (www.fb.md) reports, quoted by Info-Prim Neo. This shows that premises exist for the market to get back to prices such as those registered before the New Year. At the end of last week, on the background of falling crude oil prices in the world market, the importers of petrol products in the R. Moldova reduced the prices on the domestic market. Gas stations made petrol cheaper by 40 bani/liter (3.4%), diesel – by 20 bani/liter (2%), and liquefied gas – by 30 bani/liter (5%). The price of A95 petrol is 11.80 lei/liter, A92 – 11.4 lei/liter, A80 – 11 lei/liter, the price of diesel was set at 10.3 lei/liter, and that of liquefied gas – at 6 lei/liter. In 2006, the price of petrol increased by approx 12%, and that of diesel – by 9.5%.