The crude oil back above the level of 84 dollars a barrel and more expensive for a second day today after data from the American Petroleum Institute yesterday showed that inventories of crude oil in the country fell unexpectedly by 741 thousand barrels last week. Good financial results of several large U.S. companies from financial, technological and consumer sector also supported the positive investor sentiment about economic recovery, which would increase energy demand for raw materials sent Bloomberg. U.S. light crude oil is traded on the New York Petroleum Exchange, more expensive by 0.7 percent to 84.41 dollars a barrel in today’s times of e-commerce. The price of the June oil futures rose 72 cents to finish yesterday’s session at the level of 83.85 dollars a barrel. Oil with delivery in May, whose futures expired yesterday, rose $ 2 to 83.45 dollars a barrel. Meanwhile, the International Petroleum Exchange in London Brent crude supply in June with more expensive by 0.7% to 85.40 dollars a barrel in electronic trading today. The June futures ended yesterday oil session to increase the price of 57 cents, or 0.7 percent, to 84.80 dollars a barrel.
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The board of Directors (BoD) of the Russian oil company Lukoil has recommended the shareholders to decide on dividend payments for 2009 amounted to 52 rubles (USD 1.79) per share, it said in a statement after today’s meeting of the Board. Dividend paid last year (based on financial results for 2008) was the rate of 50 rubles per share. The total amount of the dividend that will distribute Lukoil for this year is expected to be close to 44.23 billion rubles (about 1.52 billion dollars). This amount represents 20.86% of net consolidated profit of the company’s estimated U.S. accounting standard, which is 7.011 billion dollars. Lukoil approved policy provides for distribution of dividends as dividends to be distributed at least 15% of annual net profit.
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