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Oil rises 4 percent and Brent goes beyond the $ 50 a barrel
November 4, 2015 0
It stepped up oil prices futures about 4 percent, supported by a jump in gasoline and diesel prices in the United States amid a major network of pipelines crashes in addition to the support received by the markets of the oil workers' strike industry in Brazil and declare force majeure in Zueitina oil port of Libya.
The surge in crude prices ahead of the weekly report of the American Petroleum Institute on petroleum inventories in the United States, which will be released later on Tuesday is expected to show an increase in crude stocks.
And ended the global Brent crude contracts for closer trading session high of $ 1.75 or 3.6 percent to maturity are recorded at the settlement of $ 50.54 a barrel, having reached the highest level in the session of $ 50.83.
And US crude futures climbed 1.76 dollars or 3.8 percent to end the session at $ 47.90 a barrel after it was reported earlier, up more high of $ 48.36.
And shut down US gasoline futures high of 5 percent, while stepped up low-sulfur diesel prices 4 percent with the closure of pipelines Colonial Pipeline line that connects the refining center on the US Gulf Coast markets across the southern and eastern United States as well as expectations that the US government will announce that stocks of refined petroleum products fell last week.
But it is also expected that the government announced in its report to be issued Wednesday an increase of 2.8 million barrels in crude stocks.
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November 4, 2015 0
It stepped up oil prices futures about 4 percent, supported by a jump in gasoline and diesel prices in the United States amid a major network of pipelines crashes in addition to the support received by the markets of the oil workers' strike industry in Brazil and declare force majeure in Zueitina oil port of Libya.
The surge in crude prices ahead of the weekly report of the American Petroleum Institute on petroleum inventories in the United States, which will be released later on Tuesday is expected to show an increase in crude stocks.
And ended the global Brent crude contracts for closer trading session high of $ 1.75 or 3.6 percent to maturity are recorded at the settlement of $ 50.54 a barrel, having reached the highest level in the session of $ 50.83.
And US crude futures climbed 1.76 dollars or 3.8 percent to end the session at $ 47.90 a barrel after it was reported earlier, up more high of $ 48.36.
And shut down US gasoline futures high of 5 percent, while stepped up low-sulfur diesel prices 4 percent with the closure of pipelines Colonial Pipeline line that connects the refining center on the US Gulf Coast markets across the southern and eastern United States as well as expectations that the US government will announce that stocks of refined petroleum products fell last week.
But it is also expected that the government announced in its report to be issued Wednesday an increase of 2.8 million barrels in crude stocks.
[You must be registered and logged in to see this link.]
