The price of crude oil attacks 100 USD per barel again

Viliyana Filipova — Mon, 28 Feb 2011 10:30:24 +0000

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.

Crude Oil prices ran over $78 per barrel

Viliyana Filipova — Tue, 19 Jan 2010 01:18:31 +0000

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.
Cold in countries which are among the biggest consumers of oil did not significantly affect the overall demand for oil worldwide, specified by IEA. The agency lowered its forecast for global demand for oil by 20 000 barrels per day.

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The price of crude oil attacks 100 USD per barel again

Crude Oil prices ran over $78 per barrel