Oil falls under $ 80.

Keywords: Oil, U.S., BP.

The price of a barrel loose almost $ 8 since the beginning of the week. The classes are penalized by a stronger dollar and higher than expected crude stocks to the United States.

The drop is dizzying. While oil markets were trying to seek the $ 90 earlier this week, a barrel of light crude Texas (WTI) tumbles on Wednesday on the New York Mercantile Exchange (Nymex) and password below $ 81. During the session, prices even dipped to 79.15 dollars in New York and 82.13 dollars in London, is the lowest in two months respectively, and a month. Around 6:38 p.m., the fall continues, the barrel loses 2.90% to 80.58 dollars. At the same time, a barrel of Brent North Sea coward 3.66% to 83.27 dollars.
The main cause of this decline is the strengthening of the dollar makes the purchase less attractive. The single European currency continues to lose ground against the greenback, penalized by fears of contagion from problems of sovereign debt in Europe. In Greece, thedegenerate art events. Portugal is under the threat of a deterioration of its sovereign rating by Moody's and Spain faces a rumor suggesting that the country will soon need the support of the IMF. On Wednesday, the dollar rose to 1.2871, its highest for over a year.

Stocks rise:
Another bad news for oil markets, announced Wednesday by the U.S. Agency for Energy Information (EIA): Crude oil stocks overseas have increased significantly more than expected last week, 2.8 million barrels to 360.6 million. Economists on average had expected an increase of 1.1 million barrels.
Similarly, gasoline inventories rose 1.2 million barrels to 224.9 million. The reserves of distillates, which include heating oil, for their part, increased 600,000 barrels to 152.4 million.
The fears of tight supply, which had supported the market since theoil spill and has reduced activity in the Gulf of MexicoEvaporate.