cost of crude oil declines on Tuesday after the collapse of world stock markets, reported Bloomberg.

negative impact on the market have also been reported for the maximum four-year reduction of income of Americans in June and expectations of further increases in U.S. fuel stocks.

Revenues of the U.S. population declined in June at 1.3%, the Ministry of Commerce figures showed the country. The costs of Americans increased by 0.4%, but adjusted for inflation, they declined by 0.1%. Stock Quotes, energy and grain fall on Tuesday - said the chief strategist Confluence Investment Management Bill O 'Greydi. - All of these markets are moving in the leg at the moment.

Commercial oil stocks in the United States last week rose by 600 thousand barrels, analysts predict.

The market corrected down on Tuesday in connection with the expectation that on Wednesday the Ministry of Energy once again show an increase in oil reserves, a report Friday on the American labor market will bear witness to the regular loss of thousands of jobs, - said vice-president of energy unit MF Global in New York, Michael Fitzpatrick.

Price

September WTI futures fell during the trading on the New York Mercantile Exchange (NYMEX) on Tuesday at $ 0.84 (1.17%) - up to $ 70.74 a barrel.

Quote

futures for Brent crude oil for September on the ICE Futures exchange in London on Aug. 4 fell to $ 0,05 (0,07%) - up to $ 73.5 per barrel.

Inflation in Russia in July 2009 was 0.6%, from the beginning of the year - 8.1%
Kievvodokanal scares that turn off the water
By the end of the session, oil quotes have returned to levels of local maxima, which bulls bring the market into positive territory
Europe: negative reporting led to a correction in the markets
Toyota lowers annual forecast for the losses, despite the bad results of I quarter
Today's sales in Russia are part of the technical correction after Monday rally
Indicator RTS 2-up trades rose by 0.39% and closed the session at around 921.47, paragraph
United States: unassured growth against the backdrop of conflicting data
Kiev - the only city that remains a negative rating