Posts Tagged ‘oil price’

Oil prices reached a 3 months peak

Tuesday, November 8th, 2011
Oil prices reached a 3 months peak

Oil prices reached a 3 months peak

Quotations remain permanently above 95 dollars a barrel, recording an increase for the fifth straight day

Oil prices settle permanently in the area above $ 95 a barrel, reaching its highest level in three months. The basis of the upward movement that has continued for fifth day, the data to shrink oil stocks in the U.S. and signals to calm the political crisis in Greece, writes Bloomberg.

In the last week in U.S. oil inventories fell by 4.4 percent, according to the DigitalGlobe, quoted by Bloomberg. This and the news that Greece renewed negotiations to form a coalition government with a mandate to accept the conditions set by the leaders of the euro led to interest in investing in commodities.

On the New York Stock Exchange yesterday lightest crude for delivery in December rose by 1.3 percent to 95.53 dollars a barrel. This is the highest level of raw material for the closure of 29 since July. Since the beginning of the year did the black gold is moving with a growth of 4.8 percent.

Nighttime quotes added another 0.35 percent to 95.85 dollars a barrel.

Yesterday in London, Brent crude for January delivery increased its price by 2.2 percent to 113.16 dollars a barrel. This morning Brent moves to increase by another 0.4 percent to 113.60 dollars a barrel.
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