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Oil rises above $ 50 with receding expectations of oversupply
07.10.2015
It jumped oil futures nearly two dollars a barrel, breaking a month-long trading range of supported by factors including purchases due to technical reasons and data from the US government indicate that global supply glut may recede.
And went up the global Brent crude for the third consecutive day to close above $ 50 a barrel for the first time in a month.
This persuaded some traders that the chances are slim because the back prices down to their lowest level in six and a half years who sensed in August.
Brent rose to the nearest $ 2.67 or 5.42 percent to reach maturity settled at US $ 51.92 a barrel.
During the session Brent jumped at arm's length to become one cent of $ 52 a barrel, the highest level since the third of September.
And increased US light crude to $ 2.27, or 4.91 percent, to close at $ 48.53 a barrel.
The US Energy Information Administration in its report to the expectations of short-term energy is expected that the total global supply increase to 95.98 million barrels per day in 2016, less than 0.1 percent from last month's forecast.
It is expected that global demand rises 270 thousand barrels per day to 95.2 million barrels per day, up 0.3 percent from the September forecast. It ended 29 quarters e
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07.10.2015
It jumped oil futures nearly two dollars a barrel, breaking a month-long trading range of supported by factors including purchases due to technical reasons and data from the US government indicate that global supply glut may recede.
And went up the global Brent crude for the third consecutive day to close above $ 50 a barrel for the first time in a month.
This persuaded some traders that the chances are slim because the back prices down to their lowest level in six and a half years who sensed in August.
Brent rose to the nearest $ 2.67 or 5.42 percent to reach maturity settled at US $ 51.92 a barrel.
During the session Brent jumped at arm's length to become one cent of $ 52 a barrel, the highest level since the third of September.
And increased US light crude to $ 2.27, or 4.91 percent, to close at $ 48.53 a barrel.
The US Energy Information Administration in its report to the expectations of short-term energy is expected that the total global supply increase to 95.98 million barrels per day in 2016, less than 0.1 percent from last month's forecast.
It is expected that global demand rises 270 thousand barrels per day to 95.2 million barrels per day, up 0.3 percent from the September forecast. It ended 29 quarters e
[You must be registered and logged in to see this link.]
