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Best performance of oil in the two weeks since 1998
Saturday, February 7, 2015
BAGHDAD / follow Baghdadi News / ... Crude oil prices rose again on Friday, where he scored Brent largest gain in his two full weeks since 1998 with support from the lower number of operating drilling rigs in the United States and the escalation of violence in Libya, which helped to stop wave falling prices began at the end of 2014.
Crude oil prices have jumped about 20% higher over the past six sessions, but is still down about 50% from its peak in mid-2014 due to fears of oversupply.
And Brent rose by 9% during the week, the biggest weekly gain since the year 2011 and increased 19% in two weeks, the biggest gain during such period since 1998.
US crude rose US $ 1.21, or 2.4%, to settle at 51.69 Dolarellbermal.
Brent also rose to $ 1.23 a barrel, or 2.2% to settle at 57.80 dollars a barrel. Ended 21 / l
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Saturday, February 7, 2015
BAGHDAD / follow Baghdadi News / ... Crude oil prices rose again on Friday, where he scored Brent largest gain in his two full weeks since 1998 with support from the lower number of operating drilling rigs in the United States and the escalation of violence in Libya, which helped to stop wave falling prices began at the end of 2014.
Crude oil prices have jumped about 20% higher over the past six sessions, but is still down about 50% from its peak in mid-2014 due to fears of oversupply.
And Brent rose by 9% during the week, the biggest weekly gain since the year 2011 and increased 19% in two weeks, the biggest gain during such period since 1998.
US crude rose US $ 1.21, or 2.4%, to settle at 51.69 Dolarellbermal.
Brent also rose to $ 1.23 a barrel, or 2.2% to settle at 57.80 dollars a barrel. Ended 21 / l
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