$ 2.45 oil losses in 5 sessions last week

Technical analysis for crude oil -14 June 2013

Oil losses during the five sessions last week $ 2.45. Oil prices have fallen due to concerns about the global economic recovery. The oil price also affected by weak economic data in the euro zone.

Crude prices

Brent ended April delivery sessions week by a decline 98 cents, or 0.88%, to a record settlement at $ 110.41 a barrel, the lowest level in six weeks. The prices ranged in scope from 109.82 dollars to 111.36 dollars. Brent and end to the nearest maturity week on big losses.

And futures prices closed, for the light  crude by a decline $ 1.37, or 1.49%, to score settled at $ 90.68 a barrel, the lowest close since early December. And end decades of light crude to the nearest maturity week extended its losses since the end of January to more than $ 7.