Oil rises to $ 39

Oil prices jumped Monday to continue to rise led to raise the price of raw materials measuring more than a third compared with the low levels this year, while the reduction of the supply of oil has strengthened and improved global forecast market trends towards recovery.

Contracts of Brent crude prices were closer to a month to $ 39.49 a barrel on the maturity of 0400 GMT, up 77 cents, or two per cent from the last settlement price for them. This increases more than a third from the low level recorded prices in January, when it fell to its lowest level since 2003.
And it recorded the contracts of West Texas Intermediate crude to $ 36.63 a barrel, up 71 cents from the last level it closed and up 40 percent from the lows reached in February.