OREANDA-NEWS  On 04 September was announced, that the record-breaking figures in forex and raw exchange markets became normality this week. RosbusinessConsulting informs oil futures quotations hit their almost 5-month lows.

In New-York on New York Mercantile Exchange (NYMEX) the official price for Light, Sweet Crude Oil futures (October) plummeted USD 5.75 (-5.0%) and rested at the level of  USD 109.71 a barrel, with the session deal prices ranging USD 105.46-118.60 a barrel.

In London on InterContinental Exchange Futures Europe (IСE Futures Europe) the official price for IPE Brent Crude futures (October) lost USD 1.07 (-1.0%) and stayed at USD 108.34 a barrel, with the session deal prices ranging USD 104.14-110.45 a barrel.

The reason for decline became an insignificant damage from Gustav hurricane. Amid expectations of the natural calamity, the oil quotations were climbing a little bit, but as the damage caused by Gustav hurricane was considerably less than from Catharine and Rita in August-September 2005, the market became more bearish. 

The gold quotations hit their 2-week record. On September 2, the troy ounce on COMEX in a day lost USD 24.7 (-3.0%). The sales of gold bars to a significant degree were stipulated by the aforesaid factor –sharp decrease of oil prices.

The forex market due to significant fluctuations often became a reason for corrections in the raw exchange markets. As at 12:00 (Kyiv time) the EUR/USD rate amounted to 1.4412. The dollar is strengthening not only against the European currency. So, Dollar Index (spot), reflecting the US dollar rate against the “basket" from six major international currencies surged 0.5% in a day and hit its 10-month high –78.061 points.