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Oil jumps to its highest level in three months with the support of optimistic expectations
09.10.2015
Oil prices jumped to their highest level in three months after he speculated PIRA Energy Group energy consultancy that prices will rise to $ 75 a barrel over the next two years, boosting the initial gains that have been achieved due to the rise of Chinese stocks and concern about Syria.
PIRA Energy said that had predicted the collapse of oil prices a year ago that it expects crude prices to reach $ 70 a barrel by the end of 2016 and to $ 75 in 2017.
And stepped up crude futures for global measurement Brent $ 1.72 to $ 53.05 at the settlement dollars a barrel.
The futures closed down US light crude 1.62 percent higher at $ 49.43 a barrel after touching earlier in the session $ 50 for the first time since July.
And increased crude prices earlier with the rise of Chinese stocks Russian military intervention in Syria, which introduced a geopolitical risk premium in the market.
And Brent crude is moving to end the week on a gain of 10 percent is the largest since early in 2009, after the oil industry officials have warned that the price falls below $ 50 this year will pay the high production cost to 29 Turadja.anthy
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