Oil prices rose by 11 percent.

As a result of trades on the New York Mercantile Exchange (NYMEX) March 12, the price of oil rose by 11 percent, reported AFP.
Price Futures WTI oil brands with delivery in April rose to 4.7 and the dollar was 47.03 dollars per barrel. European oil brand Brent also went up by 3.69 per cent up to 45.09 dollars per barrel. Thus, oil prices are fully played semiprotsentnoe drop happened on Wednesday against the background of the message the U.S. Department of Energy to increase the availability of hydrocarbon reserves. Then at the WTI futures in New York fell to 3.48 dollars.
According to experts, the increase in oil prices due to market participants' expectations that OPEC at the summit on Sunday in Vienna to decide on new cuts in supply. In addition, traders expect that Russia would join the actions of OPEC and will also reduce oil production. However, if this happens, oil prices could once again descend to the point of 40 dollars per barrel.
U.S. stock markets on Thursday also showed growth. The index of "blue chips" Dow Jones rose 3.46 percent and was up in the line of seven thousand points (7170.06 points). "High tech" Nasdaq rose 3.97 per cent, while the index of "large market" Standard & Poor's 500 appreciated by 4.07 per cent.