The price of oil rises above $ 80 a barrel during electronic trading today in Asia, in line with increases in the indexes of securities markets in the region. Economic optimism today was fueled by news of the expansion of the factory sector in China and Australia, says the AP. U.S. light crude for delivery in April, more expensive by 56 cents to 80.22 dollars a barrel during electronic trading on the New York oil exchange. Oil futures rose by 1.49 dollars or 1.9 percent, to finish the last session in February at a level of 79.66 dollars per barrel. Within the energy input of February rose by over 9% during the last five months its price ranges from 69 to 84 dollars per barrel. Most strongly on price levels in recent months reflect data on oil stocks and demand in the U.S., and the change in the rate of the dollar. International petroleum exchange in London Brent crude supply in April with more expensive by 54 cents to 78.13 dollars per barrel.
By the end of Friday’s session, the price of oil futures rose by 1.51 dollars, or 2 percent, to 77.80 dollars per barrel.