On a background of falling of oil quotations before OPEC decision on the further industrial policy and the subsequent sales of papers of oil companies the American stock market opened with decrease on Monday.

Let's remind that, according to experts’ forecasts, before winter and because of fears about oil deliveries, ministers of OPEC countries will not change a level of production.

Let's notice that oil quotations decreased already 18 % from the reached record tops in the middle of July, and approached near key levels of support, and overcoming of these levels would testify to cardinal change of the market’s spirit. Thus, six-day reduction of quotations became the longest for almost three years.

In opinion of technical analysts end of week below $65,30 (for Brent) and $66,10 (for NYMEX) and the subsequent falling below $63,65 and $62,95 would testify to serious change of a direction and a target level of $50/55.

After on Monday OPEC, as it was predicted, kept production at a level of 28 million barrels a day, the American light oil with delivery in October grew in the price 75 cents up to $66,36 for barrel.

Besides many investors prefer to wait for new information, which will clear up a situation around FRS further policy. We shall remind that this week the stock market will wait for data about inflation.

FRS representatives touched the question of inflationary risks in yesterday's statements. So, acting at business-conference, Boston FRB head Cathy Minhan told that risks of delay of economic growth and higher inflation amplified this summer.

Minhan said that expects easing basic inflation the nearest year on a background of delay of economic growth up to a level, which is a little below 3 %.

Another FRS representative - Saint Louis FRB head William Pool declared yesterday that a condition of the American economy stable, having noticed that the high level of investments testifies to its force. Also he said that though now the inflation rate in the country is acceptable, however in medium term prospect, it is necessary, not waiting for natural decrease in inflation to work resolutely.

However the main message in his statement became the statement that FRS should justify confidence and inform better on the purposes of its policy.

Pressure upon sector of high technologies renders the decision of the largest world manufacturer of computers Dell Inc. to postpone presenting of the quarterly report of the American Commission on securities and stock exchanges.

Among other corporate news the market’s participants will pay attention to New York Times message that the consortium of the investment companies is close to purchase Freescale Semiconductor Inc. for $16 billion.

Other big news became information that steelmaking company Ipsco Inc. will buy the manufacturer of steel pipes NS Group, Inc. on $66 for a share, or approximately $1.46 billion, with the purpose to strengthen its positions in the market of pipes for power sector.

ExxonMobil papers decreased 56 cents to $66.25, Chevron Corp. - $1.18 - to $64.22. Quotations of gold fell below a level $600 for ounce. Freeport-McMoRan shares, the owner of the world's largest gold mine, dipped $1.25 - to $57.06. BHP Billiton Ltd. papers decreased $1.72 to $38.55.

As experts notice, forecasts of delay of growth of some largest economies of the world start to be realized, and it, in turn, reduces unusually high raw demand.

Let's notice that in May the main expert at Morgan Stanley on the world economy Stevan Roach forecast that increase of demand for oil and nonferrous metals is "a bubble, just about ready to burst".