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.
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The Green Wave of the U.S. stock exchanges increases brought the three main index at the beginning of today’s session, after it became clear that the country’s industrial sector continues to grow for the seventh consecutive month in January. Along with increasing production and increasing utilization of production capacity at factories, mines and utilities. Shortly before this good news for the housing sector showed that the number of new housing projects in which developers in the United States have begun to work increased for the third consecutive month in January. State of the housing sector is one of the most important orientations for the overall state of the economy by increasing activity and it portends growth of gross domestic product. Dow Jones IA, which comprises 30 most frequently traded companies in the United States with the highest market capitalization rose by 0.3 percent to 10 301 points an hour after the start of trading. Broader index S & P 500 grew by 0.4% to 1 098.99 points, supported most of the extractive and financial companies. Nasdaq Composite, which brings together companies from the Stock Exchange Nasdaq, rose by 0.3% at 2 221.73 points. Federal Reserve data showed today that the index of industrial production in the United States rose by 0.9 percent on a monthly basis in January. The index traces the value of output of factories, mines and utilities. Utilization of production capacity increased from 71.9 percent in December to 72.6 percent in January.
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