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Oil rises supported by the rise and gasoline stocks but concern about stocks restricts gains
10/23/15
Baghdad / follow-up Baghdadiya News / .. the price of oil futures rose on Friday, supported by the rise of gasoline and technical indicators positive but the concern of rising US crude inventories under gains ..
He received the support of oil also contributed to a jump on Wall Street despite the pressures put on the rise of the dollar index to its highest level in three weeks.
And it ended the global Brent crude contracts for closer trading session high 23 cents or 0.5 percent at maturity to record settlement of $ 48.08 a barrel. Earlier in the session, Brent gains of about 2 percent.
The US crude contract closed 18 cents higher, or 0.4 percent, to $ 45.38 at the settlement dollars a barrel.
Crude prices recorded the largest gains during the session in early trading with the rise of gasoline by up to 3 percent as traders re-evaluate the data released by the US government on Wednesday showing a decline of 1.5 million barrels in inventories of motor fuel last week. Analysts polled by Reuters had expected a decrease of 858 thousand barrels in gasoline stocks.
The meeting ended oilfields of experts from the OPEC countries and the producing countries outside the Organization on Wednesday without any concrete measures to support prices, although the discussion of the threat posed by low crude prices to invest in supplies Aljdidh.oukal a dealers "There are no signs of any kind of production cuts, which will have to be to start from within OPEC ".anthy
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