The crude oil prices began the new week with growth, such as quotations reached their highest levels since July. The reason for market optimism gave news related to Europe and Japan. Over the weekend in Italy, which in recent weeks has been under pressure from the markets, was appointed new prime minister after the anti-crisis measures were adopted for next year. That was the condition of former Prime Minister Silvio Berlusconi to quit. In its place stands the former commissioner Mario Monti. The good news from Japan that the country has come out of recession, having experienced the equivalent to an annual basis, growth of 6 percent. This was welcomed by markets as the country’s second largest consumer of oil in Asia after China. In the hours electronic trading on the New York Stock Exchange lightest crude for December delivery reached 99.69 USD per barrel, then a quote is returned to its level on Friday – 98.99 USD per barrel. Last week, black gold recording a growth of 5 percent, achieving the longest series of positive in April 2009 – six consecutive weeks.
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The crude oil prices reached their highest level in two weeks on the stock exchange in New York. This gave rise to the official data of U.S. government oil stocks in the U.S., which showed a drop of diesel and heating oil. In the last weeks fuels imports of distillates fell by 2.04 million barrels to 141.1 million barrels. This is the lowest level since April 2009. At the same time demand for fuel grew by 2.2 per cent, figures show.
“People are optimistic about recovery, while economic data are not encouraging,” said Jonathan Barat of Commodity Broking Services. “The fact that oil is not sampled below 95 dollars is key,” he explains. Yesterday in New York oil contracts for delivery in July rose 1.7 percent to 99.94 dollars per barrel, the highest closing since 10 May. The night progressed quotes by 0,2 percent to 101.50 dollars per barrel. This is happening against the backdrop of the new retreat of the dollar. Tonight Dollar Index, which tracks performance of the greenback against six major currencies, lost 0.5 percent to 75.54 points. The Exchange in London yesterday by Brent oil price increase with 2.1 per cent to 114.93 dollars per barrel. At night, the price of black gold of this variety increased by a further 0.15 percent to 115.08 dollars per barrel.

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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