Fell futures for crude oil during the European morning trade Thursday, amid growing concerns about an escalation of the debt crisis in the euro area after the issuance of Chinese trade data disappointing than Otharalamkhaov on slowing global demand for oil.
In the New York Mercantile Exchange, oil futures trading, light sweet crude for June delivery at 96.66 dollars a barrel during European morning trade, down by 0.15%.
He had been dropped earlier by up to 0.3% currently trading at a lower level of 96.31 dollars a barrel. The price reached 95.17 dollars a barrel on Wednesday, its lowest level since December 20, 2011.
Investors continued to control political developments in Greece, as a country burdened with debt and struggling to form a coalition government after elections end of the week.
Alexis Tsepraz leader's second-largest party in Greece attempts to form a new government on Wednesday Wednesday, giving the leader of the Socialist Party Evangelos Venizelos last chance to try to form a government on Thursday.
And seemed to opportunities on the formation of a weak coalition government after two failed attempts, making new elections within three to four weeks are the most likely outcome, raising new fears that Greece will not have a government in a timely manner to secure the slide coming from international aid next month.
In the meantime, the growing concerns about the health of the banking sector in Spain, after the Bank of Spain received a formal request on Wednesday evening to buy a stake in Pankia, the fourth-largest lender in the country.
The yield on Spanish bonds with 10 years of above 6% in early European trading to reach its highest level since early December, reflecting investors' concerns
There are fears that the region's crisis of sovereign debt may lead to slower economic growth on a larger scale that would curb demand for oil.
And formed the euro area for nearly 12% of global consumption of oil in 2010, according to data from British Petroleum.
Oil prices came under further pressure following the release of data showing that Chinese exports and imports rose less than expected in April.
In a report, said General Administration of Customs said China's trade surplus the country rose to 18.42 dollars a barrel, 5.35 dollars per barrel in the previous month.
The data showed that exports rose by 4.9% in April of last year, less-than-expected growth of 9.1% and 8.9% of the slowdown in March.
And imports rose by 0.4% in April, far less than expected by 12.5% a declining sharply from 5.3% in the previous month.
Usually regarded as the widening trade surplus is a good thing, but the effect in April, seemed more relevant to a weakness in imports, which reinforced the fears of a slowdown in the second-largest economy in the world.
The slowdown in China, the second largest economy in the world, the weakening of the global expansion that has already faltering because of the austerity measures in Europe.
China is the second largest oil consumer after the United States, and the engine to boost demand.
At the same time, the bulk of the growth expected in the United States forced the oil Altjaraly refocus on supply and demand.
The U.S. Department of Energy in its weekly report that crude oil inventories rose by 3.7 million barrels last week to a total of 379.5 million barrels as of last week, the highest level since August 1980, which confirms the fears of a slowdown in oil demand from the United States
The United States is the world's largest oil-consuming country, and is responsible for about 22% of global demand for oil.
Elsewhere, in the ICE Futures exchange, the lower oil futures for June delivery Brent 0.05% to trade at 113.14 dollars a barrel, where the difference between the stop and Brent Crude at 16:48. Dollars a barrel.
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