Friday, February 27, 2009

Oil has become worth more than 45 dollars a barrel.

According to the results of bidding on 26 February the price of oil increased significantly, breaking the mark of 45 dollars per barrel, reported AFP.
The value of a futures contract for WTI crude oil brands with delivery in April in New York rose by 2.72 dollars (about six per cent), reaching a level of 45.22 dollars per barrel. In London, similar to futures in oil brand Brent grew up in the price of 2.22 dollar and reached 46.51 dollars per barrel.
Recall that on Wednesday, oil prices also rose by six per cent. The reason for growth was made by the U.S. government, which noted the reduction of fuel per week at 3.4 million barrels, as well as growing demand for fuel by consumers. These data were received by market participants as a positive signal that the long decline in oil prices may turn some growth. Positive changes in oil prices raised the quotations of Russian oil companies: for example, shares of Rosneft and Lukoil became the day at 8,91 and 9,09 percent respectively.
At the same time, U.S. stock indices fell slightly on Thursday. Dow Jones dropped 1.22 percent, Nasdaq - for 1,58 percent, and a broad market index S & P 500 fell by 1.58 per cent.

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