Cost of WTI crude oil with delivery in April at the New York Mercantile Exchange NYMEX has exceeded the 51 dollar per barrel. By 15:55 Moscow time oil went up to 51.08 dollars per barrel. In the course of electronic trading on the stock exchange price of oil reached the maximum 51.65 dollars per barrel.
The value of WTI crude oil grade is the highest since 28 November 2008, transmits AFP. Oil prices mark Brent with delivery in May rose to 49.95 dollars per barrel, which was the peak value of 7 January 2009.
The positive impact on trading in oil have two factors. March 18, 2009 U.S. Department of Energy announced that the growth of commercial oil reserves in the country amounted to 0.55 per cent. Announced figures were slightly higher than market participants had expected. In addition, the Federal Reserve System (FRS) the USA has decided on the early redemption of government bonds by 300 billion dollars.
A day before a slight increase of oil provided the statement of the Federal Reserve Ben Bernanke that the U.S. has shown early signs of easing the financial and economic crisis and ozhivaniya economy.
Increased oil prices supported the Russian ruble, which in the course of trading session on the MICEX Stock Exchange strengthened relative to bivalyutnoy cart (0.55 USD, plus 0.45 euros) to 38 cents. By 16:10 Moscow time, the cost of a basket bivalyutnoy calculated MICEX Stock Exchange amounted to 38.9 rubles. Last time at this level, basket trading in late January 2009.
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