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Brent above $ 109 and the market is awaiting a decision from the European Central to address the debt
• 08/12/2011 7:05
• Economy , Uncategorized
• no comments
Iraqi portal "agencies" economics editor
Stabilized prices of futures contracts for Brent crude above $ 109 a barrel in Asian trade Thursday after a sharp fall in the previous session with the continued atmosphere of caution in the market before the EU summit to address the crisis of sovereign debt in the euro area.
The market is also awaiting a decision last meeting this year's monetary policy committee of the European Central Bank, which will be held later on Thursday, which is expected to cut benchmark rate by 25 basis points.
And "Reuters" quotes the price of Brent crude contract for January delivery rose 26 cents to 109.79 dollars a barrel by 0500 GMT after it ended Wednesday's session down $ 1.28.
The U.S. light crude rose 9 cents to 100.58 dollars a barrel.
Said Tetsu Emori, fund manager in Tokyo Astramax Company "fundamentals better than expected and the two economies of China and the U.S. appear to have Mstaqran transactions but will be cautious before the European summit on Friday." Adding that "the direction the market will be determined after the summit .. If it ends to the positive result of the rise of prices, we are heading. "
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• 08/12/2011 7:05
• Economy , Uncategorized
• no comments
Iraqi portal "agencies" economics editor
Stabilized prices of futures contracts for Brent crude above $ 109 a barrel in Asian trade Thursday after a sharp fall in the previous session with the continued atmosphere of caution in the market before the EU summit to address the crisis of sovereign debt in the euro area.
The market is also awaiting a decision last meeting this year's monetary policy committee of the European Central Bank, which will be held later on Thursday, which is expected to cut benchmark rate by 25 basis points.
And "Reuters" quotes the price of Brent crude contract for January delivery rose 26 cents to 109.79 dollars a barrel by 0500 GMT after it ended Wednesday's session down $ 1.28.
The U.S. light crude rose 9 cents to 100.58 dollars a barrel.
Said Tetsu Emori, fund manager in Tokyo Astramax Company "fundamentals better than expected and the two economies of China and the U.S. appear to have Mstaqran transactions but will be cautious before the European summit on Friday." Adding that "the direction the market will be determined after the summit .. If it ends to the positive result of the rise of prices, we are heading. "
[You must be registered and logged in to see this link.]
