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Oil rises to its highest level in 2015
Fri, April 24, 2015 00:36
Twilight News / futures contracts for crude oil prices rose three per cent to settle at their highest levels for the year after that and continued to the Saudi-led coalition bombing campaign in Yemen, which reinforced the concerns about oil supplies from the Middle East.
He said brokers and analysts said oil buyer stoke the rise of oil on the bet that US crude production will further decline after two consecutive weeks of decline.
Residents said warplanes belonging to the alliance led by Saudi Arabia bombed Houthi fighters and military bases in 20 air strike, at least in parts of Yemen on Thursday despite the Riyadh Declaration to reduce the bombing campaign.
The US Energy Information Administration said US crude production from the third weekly decline recorded in four weeks.
Although Yemen is not a major oil producer in the Middle East oil tankers pass on its way to Europe and the Gulf of Aden on the southern coast of Yemen and the Strait of Bab el Mandeb between Yemen and Djibouti.
By the end of trading, Brent futures rose for June delivery settled at US $ 2.12, or 3.3 per cent to $ 64.85 a barrel. The highest level of $ 65.58 during the session, the height of the Brent price for 2015.
And increased US light crude for June contract settled at US $ 1.58, or 2.8 per cent to $ 58.02 a barrel after jumping earlier in the trading to $ 58.41 its highest level in 2015.
Oil prices rose about ten dollars a barrel this month because of fears of supply disruptions as well as indicators of the strength of global demand.
US government data showed on Wednesday, rising US inventories of crude oil, 5.3 million barrels last week, more than analysts forecast in a Reuters poll of $ 2.9 million barrels
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Fri, April 24, 2015 00:36
Twilight News / futures contracts for crude oil prices rose three per cent to settle at their highest levels for the year after that and continued to the Saudi-led coalition bombing campaign in Yemen, which reinforced the concerns about oil supplies from the Middle East.
He said brokers and analysts said oil buyer stoke the rise of oil on the bet that US crude production will further decline after two consecutive weeks of decline.
Residents said warplanes belonging to the alliance led by Saudi Arabia bombed Houthi fighters and military bases in 20 air strike, at least in parts of Yemen on Thursday despite the Riyadh Declaration to reduce the bombing campaign.
The US Energy Information Administration said US crude production from the third weekly decline recorded in four weeks.
Although Yemen is not a major oil producer in the Middle East oil tankers pass on its way to Europe and the Gulf of Aden on the southern coast of Yemen and the Strait of Bab el Mandeb between Yemen and Djibouti.
By the end of trading, Brent futures rose for June delivery settled at US $ 2.12, or 3.3 per cent to $ 64.85 a barrel. The highest level of $ 65.58 during the session, the height of the Brent price for 2015.
And increased US light crude for June contract settled at US $ 1.58, or 2.8 per cent to $ 58.02 a barrel after jumping earlier in the trading to $ 58.41 its highest level in 2015.
Oil prices rose about ten dollars a barrel this month because of fears of supply disruptions as well as indicators of the strength of global demand.
US government data showed on Wednesday, rising US inventories of crude oil, 5.3 million barrels last week, more than analysts forecast in a Reuters poll of $ 2.9 million barrels
[You must be registered and logged in to see this link.]
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