The crude oil prices rose sharply yesterday and the stock ended trading at its highest level in 17 months from 86.62 dollars a barrel. Quotations remain near those levels, and during today’s e-commerce in Asia. The economic optimism of investors caused by the increase in employment in the U.S. and activity in the services sector in March, lifted oil prices to the highest level since October 2008 so far yesterday on the New York Petroleum Exchange. Rising prices reflect the expectations of market participants that demand for energy raw materials will increase the recovery of U.S. economy. U.S. light crude for delivery in May rose 1.75 dollars to finish yesterday’s session at a level of 86.62 dollars a barrel. During today’s e-commerce in Asia oil futures slightly cheaper by 16 cents to 86.46 dollars a barrel. Since early this year their price has risen by 9 per cent. Tomorrow the weekly report by the Ministry of Energy of the United States will show whether crude oil reserves of the country have increased for the tenth consecutive week. Meanwhile, Brent crude oil traded for 85.60 dollars a barrel in today’s electronic trading on the London oil market by reducing its price by 28 cents compared to yesterday’s closing level.
Read the full story

The U.S. economy has a serious request to exit the severe economic crisis, it became clear from data on gross domestic product in the last quarter of 2009. It grew by 5,7 per cent in seasonally adjusted and aligned on an annual basis. This is the sharp rise in U.S. GDP by the end of 2003 onwards. The increase comes after the U.S. economic growth of 2,2 per cent in the third quarter of 2009. Analysts’ estimates were for growth of 5.4 per cent. Despite the high score, however it is too early for definitive evaluations Since several revisions to the data. Although over the last two quarters of 2009 to the U.S. economy grew for the whole last year reported a decline of 2,4 per cent. This is the worst performance of the U.S. economy from 1942 onwards, when it was registered a decline of 10.9 percent. Among the positive data make a bad impression with business investment, which suffered its biggest decline from 1942 to date, writes Market Watch. About two-thirds achieved in the last quarter of the year growth was due to selling of stocks in the economy. If they are removed from the calculations, the estimated growth of 2,2 per cent annually, which is a signal of continued weakness in the U.S.
Read the full story

Bill Gates, who is the richest man in the world, said today that the U.S. economy and will take years to recover from the recession ST. Moreover, he added that he expects the taxes in the United States will grow to be able to balance the budget. These forward Reuters, citing an interview, which gave Microsoft co-founder of ABC. Gates also warned about excessive government interference in financial matters and urged the President Barack Obama to focus on longer term goals such as education and prevention of the consequences of the deepest recession since the Great Depression. When such a crisis happens, take years of economics, “to dig up,” said Gates. The budget is already quite razbalansiran and even to return the economy back on the road to rise without changes in tax policy and the holder the right fiscal framework will remain on minus. At any time the financial markets will vzrat in this hole and it can not but cause problems, added technocrats. Microsoft co-founder said that “everyone is confused and difficult to slow economic recovery, but I think there is any magic wand with which the Government to expedite the process”
Read the full story

Recession, which is undergoing U.S. economy begins to affect the courts. This is evident by the huge number of cases brought this year, many of them one way or another connected with the economic crisis. Only in New York is expected to finish the year with a record in the history of 4,7 million cases, but many say is just beginning influx of claims, because trials generally come late to the crisis, reports New York Times. Information indicating that the majority of the cases are related disputes caused by the economic crisis. In the present case is not about processes which are considered bad debts or unpaid trade relations. In many cases, the cases are related to domestic violence caused by economic stress – loss of job or housing, says the material. Estimates are that cases of settling commercial disputes will rise by 9 percent from last year. Obvyavane processes of delinquent mortgage even increased by 17 percent. Meanwhile in New York area criminal cases increased by 7 per cent, and in less severe disorders has increased by 18 percent compared to last year. Evaluations of judges and lawyers suggest that such growth rates are typical for times of crisis, when even minor offenses such as theft in small increase due to the fact that many people lose their jobs. Therefore, a large part of criminal cases can also be attributed to cases arising from the crisis.
Read the full story