Posted on 28 February 2011. Tags: Contracts, crude oil, Crude Oil Price, Middle East, Money, North Africa, petrol, price, quotes, USD
The price of U.S. light crude again turned to attack the level of 100 dollars per barrel. The mainspring of the quotes at the start of trade in commodities this week again pressure in the Middle East and North Africa. The crude oil contracts for delivery in April, moving with a growth of 1.7 per cent Friday to 99.55 dollars per barrel. At an earlier stage quotes touched 99.96 dollars per barrel. Last week, the crude oil price jumped with 14 percent, marking its strongest weekly increase of 27 February 2009 onwards. The traded in London Brent oil does progressed 1.1 percent to 113.40 dollars per barrel. A little earlier Brent reached 114.50 dollars per barrel. In Libya the opponents of the regime of Muammar Kaddafi have taken control of a city located near Tripoli. The country has drawn up a provisional government, which has already announced that oil exports from the territory controlled by it will be under the supervision of the new government, writes Wall Street Journal. The region of the Middle East and North Africa remained unsettled and this weekend, with massive protests was in Oman and Tunisia.
Posted in Crude Oil Price
Posted on 19 January 2010. Tags: barrel, Contracts, crude oil, Crude oil Platform, Crude Oil Price
The crude oil prices run over $ 78 a barrel, which has long stopped falling over the last five working days, the agency reported Reuters. And the reason for the sharp rise indicates the suspect standing in addition – the weakening of the dollar, but concerns about increased demand for energy resources and signs of recovery in the global economy. Contracts for U.S. light crude for delivery in February, have added very quickly to the price of 64 cents to $ 78.64 a barrel after the beginning of Asian trade today was reported quarterly decline to $ 77.29 a barrel. The price of London’s variety “Brent” add less – 43 cents to $ 77.54 a barrel. Today in the U.S. markets are closed and oil traded volumes were small, pointed brokers. They even admitted to the upsurge in prices is short-lived. According to Reuters the current oil prices are 50 percent lower than the historical maximum of $ 147 a barrel reached in July 2008. International Energy Agency (IEA) announced that the termination of economic incentives may be a threat to oil demand this year, which will increase its price.
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Posted in Crude Oil Price, World Finances